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By B. R. Tomlinson

This can be the 1st complete and interpretative account of the historical past of monetary progress and alter in colonial and post-colonial India. Dr. Tomlinson attracts jointly and expands at the expert literature facing imperialism, improvement and underdevelopment, the ancient strategies of switch in agriculture, alternate and manufacture, and the kin between company, the economic climate and the country. What emerges is an image of an economic climate during which a few output progress and technical swap happened either earlier than and after 1947, yet during which a extensively established strategy of improvement has been restricted by way of structural and marketplace imperfections. Tomlinson argues that India has hence had an underdeveloped economic system, with vulnerable marketplace buildings and underdeveloped associations, which has because 1860 profoundly prompted the social, political and ecological historical past of South Asia.

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