Indian Economy: 1858-1914 (A People's History of India)

Indian Economy: 1858-1914 (A People's History of India)

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Item Code: IDF566
Author: Irfan Habib
Publisher: Tulika Books
Language: English
Edition: 2018
ISBN: 818948706X
Pages: 159
Cover: Paperback
Other Details: 10.0" X 6.5"
Weight 410 gm
About the Book:

The monograph surveys the developments within the Indian economy during the period of the ghigh tide of colonial domination between the 1857 Rebellion and the First World War. Its various sub-chapters deal with population, gross product and prices; tribute, the imperialism of free Trade and the construction of railways; peasant agriculture, plantations, commercialization of agriculture and its impact on rents, peasant incomes and agricultural wages; rural de-industrialization, modern industries, tariff and exchange policies; banking and finance; and the fiscal system, tax burden and the rise of economic nationalism. There are extracts from contemporary comments and reports; technical notes on such matters as computing national income, counterfactual analysis, etc. Short bibliographies are provided accompanying each of the five chapters.

About the Author:

Irfan Habib formerly Professor of History, Aligarh Muslim University, is author of the Agraian System of Mughal India 1556-1707, An Atlas of the Mughal Empire(1982) and Essays in Indian History: Towards a Marxist Perception (1995). In the People's History of India series he has authored Prehistory (2001) and The Indus Civilization (2002), and co-authored The Vedic Age (2003) and Mauryan India (2004). He has co-edited the Cambridge Economic History of India, Vol. I(1982), and UNESCO's History of Humanity, Vols IV and V and History of Central Asia, Vol. V.

CONTENTS
Preface Xi
1. The Economy as a Whole: Population, National Income, Prices 1
1.1 Population 1
1.2 National Income/Gross Domestic Product 6
1.3 Money and Prices 10
Extract 1.1: India's Overpopulation 14
Extract 1.2: Whose Per Capita Income? 15
Note 1.1: national Income 15
Note 1.2: units of Currency, Weights and Measures used under British Rule 18
Note 1.3: Administrative Regions 19
Note 1.4: bibliographical Note 21
2. Colonialism and the Indian Economy 23
2.1 The Tribute or Drain 23
2.2 The Imperialism of Free Trade 30
2.3 Railways 35
Extract 2.1: Dadabhai Naroji on the Drain or Tribute,1873 46
Note 2.1: The Counterfactual Approach and the Economics of Colonialism 46
Note 2.2: Bibliographical Note 49
3. Agriculture 51
3.1 Peasant Agriculture 51
3.2 Commercialization of Agriculture 59
3.3 The agrarian Classes 62
3.4 Rural indebtedness 74
3.5 Plantations 78
3.6 Destitution and Famines 81
Extract 3.1: Two Peasant Families in Village of Banda District, North-west Provinces, 1887-88 86
Extract 3.2: Land Revenue and Poverty in Gujarat and Maharashtra, 1903 87
Extract 3.3: The coolies under the European Planters of Assam 87
Note 3.1: Calculating Agricultural Output 88
Note 3.2: Bibliographical Note 90
4. Industry, Trade, Finance 92
4.1 De-Industrialization 92
4.2 The emergency of Modern Industry 99
4.3 Capital Supply and Ownership 111
4.4 Conditions of the Industrial Working Class 120
4.5 Internal and External Trade 124
Extract 4.1[A]: The Village Weaver 130
Extract 4.1[B]: The Village Customer 130
Extract 4.2: Karl Marx on the Prospects of Growth of Modern Industry in India. 131
Extract 4.3: Challenge to Lancashire from the Indian Textile Industry,1886 132
Extract 4.4: Conditions of Labour in Bombay Mills,1885 132
Extract 4.5: The Sin of Opium Trade: Dadabhai Naoroji, 1880 132
Note 4.1: Human Capital: The Development of Technological Skills 133
Note 4.2: Bibliographical Note 136
5. The State 138
5.1 Taxation 138
5.2 Expenditure 144
Extract 5.1: Gopal Krishna Gokhale, before the Royal Commission on the military and Civil Expenditure in India, 1895 148
Note 5.1: Economic Nationalism 148
Note 5.2: Bibliographical Note 150
Index 152

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