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First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.
This volume in the People's History of India series gives a general account of Indian economy in the first century of British rule (1757-1857). It describes the changes in Indian economy brought about by the pressure for tribute, the British land settlements, and the triumph of free trade. In order to set these changes in a proper perspective, it begins by furnishing a survey of pre-colonial economic conditions. A notable feature of the book is its reference to how aspects of Indian economy were seen and interpreted by contemporary observers. This is accomplished partly by a rich collection of extracts from the sources. There are also special notes on current interpretations of eighteenth-century history, the nature of tribute or drain of wealth from India to England, and the scope and problems of historical demography.
A New Economic History of Colonial India provides a new perspective on Indian economic history. Using economic theory and quantitative methods, it shows how the discipline is being redefined and how new scholarship on India is beginning to embrace and make use of concepts from the larger field of global economic history and economics. The book discusses the impact of property rights, the standard of living, the labour market and the aftermath of the Partition. It also addresses how education and work changed, and provides a rethinking of traditional topics including de-industrialization, industrialization, railways, balance of payments, and the East India Company. Written in an accessible way, the contributors – all leading experts in their fields – firmly place Indian history in the context of world history. An up-to-date critical survey and novel resource on Indian Economic History, this book will be useful for undergraduate and postgraduate courses on Economic History, Indian and South Asian Studies, Economics and Comparative and Global History.
Much has been written on the Indian economy but this is the first major attempt to present India's economic history as a continuous process, and to place the development of agriculture, industry and currency in a political and historical context.
This new edition of An Economic History of Early Modern India extends the timespan of the analysis to incorporate further research. This allows for a more detailed discussion of the rise of the British Empire in South Asia and gives a fuller context for the historiography. In the years between the death of the emperor Aurangzeb (1707) and the Great Rebellion (1857), the Mughal Empire and the states that rose from its ashes declined in wealth and power, and a British Empire emerged in South Asia. This book asks three key questions about the transition. Why did it happen? What did it mean? How did it shape economic change? The book shows that during these years, a merchant-friendly regime among warlord-ruled states emerged and state structure transformed to allow taxes and military capacity to be held by one central power, the British East India Company. The author demonstrates that the fall of warlord-ruled states and the empowerment of the merchant, in consequence, shaped the course of Indian and world economic history. Reconstructing South Asia’s transition, starting with the Mughal Empire’s collapse and ending with the great rebellion of 1857, this book is the first systematic account of the economic history of early modern India. It is an essential reference for students and scholars of Economics and South Asian History.
This Palgrave Pivot revisits the topic of how British colonialism moulded work and life in India and what kind of legacy it left behind. Did British rule lead to India’s impoverishment, economic disruption and famine? Under British rule, evidence suggests there were beneficial improvements, with an eventual rise in life expectancy and an increase in wealth for some sectors of the population and economy, notably for much business and industry. Yet many poor people suffered badly, with agricultural stagnation and an underfunded government who were too small to effect general improvements. In this book Roy explains the paradoxical combination of wealth and poverty, looking at both sides of nineteenth century capitalism. Between 1850 and 1930, India was engaged in a globalization process not unlike the one it has seen since the 1990s. The difference between these two times is that much of the region was under British colonial rule during the first episode, while it was an independent nation state during the second. Roy's narrative has a contemporary relevance for emerging economies, where again globalization has unleashed extraordinary levels of capitalistic energy while leaving many livelihoods poor, stagnant, and discontented.
Volume 2 of The Cambridge Economic History of India covers the period 1757-1970, from the establishment of British rule to its termination, with epilogues on the post-Independence period.
The Business of Empire assesses the domestic impact of British imperial expansion by analysing what happened in Britain following the East India Company's acquisition of a vast territorial empire in South Asia. Drawing on a mass of hitherto unused material contained in the company's administrative and financial records, the book offers a reconstruction of the inner workings of the company as it made the remarkable transition from business to empire during the late-eighteenth century. H. V. Bowen profiles the company's stockholders and directors and examines how those in London adapted their methods, working practices, and policies to changing circumstances in India. He also explores the company's multifarious interactions with the domestic economy and society, and sheds important new light on its substantial contributions to the development of Britain's imperial state, public finances, military strength, trade and industry. This book will appeal to all those interested in imperial, economic and business history.