Industrialization, Dirigisme and Capitalists: Indian Big Business from Independence to Liberalization

Surajit Mazumdar ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the interaction between the development and transformation of Indian big business, the trajectory of Indian industrialization and the course of the interventionist policy which provided its background between independence and the shift to a liberal economic policy regime in the early 1990s. Specifically it focuses on how the process of transformation impacted on and worked through diverse firms in different stages of the industrialization process. The paper shall reinforce the broad case that studying that period and the development of the Indian corporate world over it is critically important for developing a proper understanding of the historical origins of Indian liberalization and the subsequent trajectory of Indian capitalist development.

Keywords: Indian Industrialization; Business Groups; Capitalism (search for similar items in EconPapers)
JEL-codes: N85 O1 O14 O53 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93158

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