Economic nationalism in India

Surajit Mazumdar ()

Chapter 19 in Handbook of Economic Nationalism, 2022, pp 327-352 from Edward Elgar Publishing

Abstract: From the colonial era to that of globalization, the framework of the Indian economy's interaction with the global economy has undergone changes from time to time. Indian capitalist opinion has also moved along the same lines. The outlook of the capitalist class that was born under colonialism and that of the new Indian state were broadly aligned in the post-independence effort to promote national capitalist development through a dirigiste import-substituting industrialization strategy. A similar if not stronger alignment has been seen even after radical programme of liberalization and opening up of the Indian economy was adopted in 1991. This chapter examines how that journey from one to the other was made and how economic nationalism was at work in not only the making of that journey but also as a critically important factor in shaping the outcomes of greater global integration.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2022
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