Economic History and Modern India: Redefining the Link
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This paper argues that to restore the link between economic history and modern India, a different narrative of Indian economic history is needed. An exclusive focus on colonialism as the driver of India's economic history misses those continuities that arise from economic structure or local conditions. In fact, market-oriented British imperial policies did initiate a process of economic growth based on the production of goods intensive in labor and natural resources. However, productive capacity per worker was constrained by low rates of private and public investment in infrastructure, excessively low rates of schooling, social inequalities based on caste and gender and a delayed demographic transition to lower birthrates and the resultant heavy demographic burden placed on physical capital and natural resources.
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- Authors
- Roy, T.
- Affiliations
- Gokhale Institute of Politics and Economics (IN)
- Corresponding author
- Roy, Tirthankar
- ORCID
- Roy, Tirthankar
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2002-08-01
- Volume
- 16
- Issue
- 3
- Pages
- 109-130
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W1968190335
- Cited by
- 108
- References
- 24
- Citations by year
- 2026: 4 · 2025: 2 · 2024: 6 · 2023: 3 · 2022: 5 · 2021: 8 · 2020: 8 · 2019: 3 · 2018: 7 · 2017: 4 · 2016: 4 · 2015: 7 · 2014: 5 · 2013: 4 · 2012: 6
- FWCI
- 8.14
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- The Journal of Economic Perspectives (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Indian Economic and Social Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Keywords
- Indian economic history, colonialism, British imperialism, economic growth, labor-intensive manufacturing, infrastructure investment, caste inequality, gender inequality, demographic transition, economic structure, modern India
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