State Aid to Industry: Madras 1921-37

Nasir Tyabji

MPRA Paper from University Library of Munich, Germany

Abstract: The State Aid to Industries Act passed in 1923 seemed to epitomise the spirit of the Indian Industrial Commission that active promotion of industry was a legitimate function of the government. But 12 years later the Public Accounts Committee of the Madras legislature held that the act had not served its purpose. The contest around the nature of the rules and the definition of enterprises eligible for state aid was the form in which the real contest between rising capitalist interests in India and the colonial administration was conducted

Keywords: Madras Presidency; State Aid to Industry; Dyarchy; Interwar economy; Colonialism; Capitalism (search for similar items in EconPapers)
JEL-codes: E22 E23 E26 E5 E51 E61 E62 G2 G24 G28 N4 N45 O1 O14 P1 P12 P16 (search for similar items in EconPapers)
Date: 1988-07-30
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Published in Economic and Political Weekly 31.23(1988): pp. PE51-PE62

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