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Lost glory : india's capitalism story / Sumit K. Majumdar

By: Majumdar, Sumit Kumar [author.].
Material type: materialTypeLabelBookPublisher: Oxford, United Kingdom : Oxford University Press 2018Copyright date: c2018Edition: First edition.Description: xvi, 308 pages : illustrations ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780198835950 (hardback).Subject(s): Industries -- India | Industrial policy -- India | Capitalism -- India | Sustainable development -- India | India -- Economic conditionsDDC classification: 338.0954 MAJ
Contents:
Cover; Lost Glory: India's Capitalism Story; Copyright; Dedication; Preface; Contents; List of Figures; List of Tables; List of Boxes; List of Appendices; 1: Prologue; INDIA'S WORLD POSITION; Utopia; Dystopia; CHANGE; The Beginning of the End; Altered Political Economy; Impact of the Industrial Revolution; RECOVERY IN INDIA'S POSITION; Reversal of Fortunes; Comparative Contemporary Growth Patterns; THE GROWTH AND IMPORTANCE OF CAPITAL; Growth Matters; Industry and Growth; Capital and Its Utilization; Political Economy of Efficiency; Efficiency and Economic Growth INDIA'S CAPITALISM EXPERIMENTSThree Capitalism Experiments; The Key Issue with which the Book Deals; BOOK STRUCTURE; Framing and Context; Chapters; 2: Capital and Capitalism; INTRODUCTION; CAPITAL; Capital as Funds; Capital as Structure; Capital as Capabilities; Human and Organizational Capital; ORGANIZING CONTEMPORARY CAPITALISM; Capitalism Processes; Social Systems of Production; STATE ROLE; Institutions and Adaptive Efficiency; Institutions and Economic Action; Government and Institutions; Government Tasks; State Involvement and Industrialization; State Capital Accumulation NATIONAL INDUSTRIAL DEVELOPMENTProjection and Enhancement; National Innovation Systems; INDUSTRIAL STRATEGY; Three Facets; Institutional Facet; Innovation Facet; Involvement Facet; Implementation; Control; INDUSTRIAL STRATEGY IN INDIA; Necessity for State Involvement; Strategy and Outcomes; 3: History and Background; HISTORICAL BACKGROUND; Growth in Colonial India; What the 1940s Brought; The 1940s Bombay Plan; INDUSTRIAL POLICY IN THE FIRST PART OF THE TWENTIETH CENTURY; Political Background; The Indian Industrial and Fiscal Commissions; Industrial Survey Results NATIONALISM AND INDUSTRIALIZATION IN THE EARLY TWENTIETH CENTURYM. Visvesvaraya's Fundamental Contributions; National Planning Committee of the Indian National Congress; THE BOMBAY PLAN AND GOVERNMENT AND BUSINESS SYMBIOSIS; Bombay Plan Impact and Economic Nationalism; A Possible Motivation for Collusion; Ardeshir Dalal's Role and Economic Nationalism; Translating the Bombay Plan into Policy; Recognizing the Molecular Economy; CREATING NATIONAL INDUSTRIAL CAPABILITIES; Preamble; Knowledge Sector Foundations; GETTING ON WITH IT; The Economic Situation after Independence Birth of the Planning Commission4: India's Growth Story; INTRODUCTION; THE CHANGING COMPOSITION OF INDIA'S ECONOMY; Relative Shares of Sectors; ECONOMY COMPOSITION BY DECADE; Sectoral Change Implications; ASSESSING INDIA'S GROWTH PATTERNS FROM TWO GENERATIONS AGO; Preamble; Growth in the 1950s; Growth in the 1960s; A Public Choice Explanation of 1960s Growth; ASSESSING INDIA'S LATER HISTORICAL GROWTH PATTERNS; The Political Psychology of 1970s Growth; Policy Transition from the 1970s to the 1980s; Mrs. Gandhi Ditches Socialism and Embraces Capitalism
Summary: Lost Glory assesses the role of industrial performance as a source of sustainable growth in India. The book provides a detailed historical description of the intellectual origins of India's modern industrial economy, conclusions on policies implemented, and a set of key suggestions for revival of sustainable growth.
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Book Book Indian Institute for Human Settlements, Bangalore
338.0954 MAJ 012642 (Browse shelf) Available 012642

Includes bibliographical references (pages 275-295) and index.

Cover; Lost Glory: India's Capitalism Story; Copyright; Dedication; Preface; Contents; List of Figures; List of Tables; List of Boxes; List of Appendices; 1: Prologue; INDIA'S WORLD POSITION; Utopia; Dystopia; CHANGE; The Beginning of the End; Altered Political Economy; Impact of the Industrial Revolution; RECOVERY IN INDIA'S POSITION; Reversal of Fortunes; Comparative Contemporary Growth Patterns; THE GROWTH AND IMPORTANCE OF CAPITAL; Growth Matters; Industry and Growth; Capital and Its Utilization; Political Economy of Efficiency; Efficiency and Economic Growth INDIA'S CAPITALISM EXPERIMENTSThree Capitalism Experiments; The Key Issue with which the Book Deals; BOOK STRUCTURE; Framing and Context; Chapters; 2: Capital and Capitalism; INTRODUCTION; CAPITAL; Capital as Funds; Capital as Structure; Capital as Capabilities; Human and Organizational Capital; ORGANIZING CONTEMPORARY CAPITALISM; Capitalism Processes; Social Systems of Production; STATE ROLE; Institutions and Adaptive Efficiency; Institutions and Economic Action; Government and Institutions; Government Tasks; State Involvement and Industrialization; State Capital Accumulation NATIONAL INDUSTRIAL DEVELOPMENTProjection and Enhancement; National Innovation Systems; INDUSTRIAL STRATEGY; Three Facets; Institutional Facet; Innovation Facet; Involvement Facet; Implementation; Control; INDUSTRIAL STRATEGY IN INDIA; Necessity for State Involvement; Strategy and Outcomes; 3: History and Background; HISTORICAL BACKGROUND; Growth in Colonial India; What the 1940s Brought; The 1940s Bombay Plan; INDUSTRIAL POLICY IN THE FIRST PART OF THE TWENTIETH CENTURY; Political Background; The Indian Industrial and Fiscal Commissions; Industrial Survey Results NATIONALISM AND INDUSTRIALIZATION IN THE EARLY TWENTIETH CENTURYM. Visvesvaraya's Fundamental Contributions; National Planning Committee of the Indian National Congress; THE BOMBAY PLAN AND GOVERNMENT AND BUSINESS SYMBIOSIS; Bombay Plan Impact and Economic Nationalism; A Possible Motivation for Collusion; Ardeshir Dalal's Role and Economic Nationalism; Translating the Bombay Plan into Policy; Recognizing the Molecular Economy; CREATING NATIONAL INDUSTRIAL CAPABILITIES; Preamble; Knowledge Sector Foundations; GETTING ON WITH IT; The Economic Situation after Independence Birth of the Planning Commission4: India's Growth Story; INTRODUCTION; THE CHANGING COMPOSITION OF INDIA'S ECONOMY; Relative Shares of Sectors; ECONOMY COMPOSITION BY DECADE; Sectoral Change Implications; ASSESSING INDIA'S GROWTH PATTERNS FROM TWO GENERATIONS AGO; Preamble; Growth in the 1950s; Growth in the 1960s; A Public Choice Explanation of 1960s Growth; ASSESSING INDIA'S LATER HISTORICAL GROWTH PATTERNS; The Political Psychology of 1970s Growth; Policy Transition from the 1970s to the 1980s; Mrs. Gandhi Ditches Socialism and Embraces Capitalism

Lost Glory assesses the role of industrial performance as a source of sustainable growth in India. The book provides a detailed historical description of the intellectual origins of India's modern industrial economy, conclusions on policies implemented, and a set of key suggestions for revival of sustainable growth.

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