Business History of India: Enterprise and the Emergence of Capitalism from 1700

In the past 300 years, India has experienced impressive business growth, despite the relatively expensive capital. Tirthankar Roy's book explores how companies and entrepreneurs dealt with the shortage of key resources and how connections with the global economy helped them manage risks. He bridges the approaches of business and economic history, illustrating the development of a distinctive regional capitalism.

Format: Paperback / softback
Length: 310 pages
Publication date: 05 April 2018
Publisher: Cambridge University Press

In recent decades, India has experienced a remarkable economic resurgence, driven by private investment. However, this is not the first time the region has witnessed impressive business growth. Over the past 300 years, India has seen numerous similar stories of economic prosperity. It is worth noting that capital in India has historically been relatively expensive. How, then, did capitalism flourish in the region? How did companies and entrepreneurs navigate the scarcity of key resources? Have there been consistent patterns in their responses to these challenges throughout centuries?

To address these questions, Tirthankar Roy conducts detailed case studies of firms, entrepreneurs, and business commodities. By bridging the approaches of business and economic history, Roy illustrates the development of a distinctive regional capitalism. Throughout each period of growth, connections with the global economy have played a crucial role in helping firms and entrepreneurs better manage risks. Understanding these deep connections between India's economic past and present is essential in understanding how history shapes the current landscape of capitalism in the region.

In conclusion, India's economic history demonstrates the resilience and adaptability of capitalism in the face of challenges. Through detailed case studies and a comprehensive analysis of historical connections, Roy sheds light on the factors that have contributed to India's economic growth and the unique characteristics of its regional capitalism. Understanding India's economic past is crucial in shaping its future trajectory and navigating the complex challenges of the global economy.

Weight: 514g
Dimension: 155 x 228 x 16 (mm)
ISBN-13: 9781316637487