Title:
Lost glory : India's capitalism story / Sumit K. Majumdar.
Author:
Majumdar, Sumit Kumar, author.
Publication Information:
Oxford, United Kingdom : Oxford University Press, 2018.
©2018
Call Number:
HC435.1 .M35 2018
Abstract:
"Lost Glory: India's Capitalism Story deconstructs India's industrialization story, challenging contemporary ideas about her economy. Based on careful and detailed empirical analyses of India's industrialization, for a period of almost seven decades, the book provides deeply-nuanced depictions of the history of political economy, that have affected India's industrialization over the course of a century. These dimensions of India's economic history have never before been collated and presented. The presentation takes readers on a definitive evidence-based survey of India's industrial landscape. It includes a detailed historical description of the intellectual origins of India's modern industrialization, anchored in a privileged view of economic policy making. Grounded in deep historical and political analyses, that account for the variations, continuities, and changes in institutional contingencies, the facts derived on India's long-term economic performance are used to put the record straight. The findings of the book will transform debate, and set the agenda for thoughtfully assessing what course the Indian economy needs to follow"--Publisher's description.
Geographic Term:
Edition:
First edition.
ISBN:
9780199641994
Physical Description:
xvi, 308 pages : illustrations, charts ; 24 cm
Contents:
Prologue -- India's World Position -- Change -- Recovery in India's Position -- Growth and Importance of Capital -- India's Capitalism Experiments -- Book Structure -- Capital and Capitalism -- Introduction -- Capital -- Organizing Contemporary Capitalism -- State Role -- National Industrial Development -- Industrial Strategy -- Industrial Strategy in India -- History and Background -- Historical Background -- Industrial Policy in the First Part of the Twentieth Century -- Nationalism and Industrialization in the Early Twentieth Century -- Bombay Plan and Government and Business Symbiosis -- Creating National Industrial Capabilities -- Getting on with It -- India's Growth Story -- Introduction -- Changing Composition of India's Economy -- Economy Composition by Decade -- Assessing India's Growth Patterns from Two Generations Ago -- Assessing India's Later Historical Growth Patterns -- Institutional Disruption and Growth from the 1990s Onward -- Deinstitutionalization and Deindustrialization in the 2010s -- India's Mixed Economy Experiments -- Historical Structure of India's Economy -- State Involvement in the Mauryan Age as Precursor to Modernity -- History of State Involvement in Modern India -- State Involvement before Independence -- State Involvement after Independence -- Outcomes of State Involvement in India's Economy -- Public Opinion and Reactions to State Involvement -- State Involvement in a Management Experiment -- Privatization and Current State Involvement Status -- Molecular Economy -- Productive Efficiency Analysis over Six Decades -- Efficiency Matters -- Productive Efficiency Calculations -- Employment Patterns over Six Decades -- Capital Inputs and Output Patterns over Six Decades -- India's Technology Profile over Six Decades -- Productivity Patterns over Six Decades -- Assessing Productive Efficiency Dynamics -- Assessing Latent Attitudes towards Industrial Resources -- Waste and Inefficiency Estimates -- Concluding Remarks -- Productive Efficiency and Growth -- Efficiency-Growth Relationship -- Inefficiency and Lost Growth -- Early Conclusions on India's Industrialization Experiment -- Determinants of Productive Efficiency -- What Impacts Productive Efficiency? -- Organization Type and Productive Efficiency -- Calculations Framework -- Industrial Stucture Patterns over Four Decades -- Inputs Consumption Patterns over Four Decades -- Organization Type and Industrial Performance -- Waste and Inefficiency Estimates by Organization Type -- Maruti Suzuki Case Study -- Concluding Remarks -- Final Thoughts -- India's Challenge -- Evidence from Capitalism Experiments -- Outcomes of Industrial Organization Experiments -- Administrative Reform -- Structural Reform -- Behavioral Reform.
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