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It’s no secret that certain social groups have predominated India’s business and trading history, with business traditionally being the preserve of particular ‘Bania’ communities. However, the past four or so decades have seen a widening of the social base of Indian capital, such that the social profile of Indian business has expanded beyond recognition, and entrepreneurship and commerce in India are no longer the exclusive bastion of the old mercantile castes. In this meticulously researched book – acclaimed for being the first social history to document and understand India’s new entrepreneurial groups – Harish Damodaran looks to answer who the new ‘wealth creators’ are, as he traces the transitional entry of India’s middle and lower peasant castes into the business world. Combining analytical rigour with journalistic flair, India’s New Capitalists is an essential read for anyone seeking to understand the culture and evolution of business in contemporary South Asia.
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In order to do business effectively in contemporary South Asia, it is necessary to understand the culture, the ethos, and the region's new trading communities. In tracing the modern-day evolution of business communities in India, this book uses social history to systematically document and understand India's new entrepreneurial groups.
It’s no secret that certain social groups have predominated India’s business and trading history, with business traditionally being the preserve of particular ‘Bania’ communities. However, the past four or so decades have seen a widening of the social base of Indian capital, such that the social profile of Indian business has expanded beyond recognition, and entrepreneurship and commerce in India are no longer the exclusive bastion of the old mercantile castes. In this meticulously researched book – acclaimed for being the first social history to document and understand India’s new entrepreneurial groups – Harish Damodaran looks to answer who the new ‘wealth creators’ are, as he traces the transitional entry of India’s middle and lower peasant castes into the business world. Combining analytical rigour with journalistic flair, India’s New Capitalists is an essential read for anyone seeking to understand the culture and evolution of business in contemporary South Asia.
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Recognising the different ways that capitalism is theorised, this book explores various aspects of contemporary capitalism in India. Using field research at a local level to engage with larger issues, it raises questions about the varieties and processes of capitalism, and about the different roles played by the state. With its focus on India, the book demonstrates the continuing relevance of the comparative political economy of development for the analysis of contemporary capitalism. Beginning with an exploration of capitalism in agriculture and rural development, it goes on to discuss rural labour, small town entrepreneurs, and technical change and competition in rural and urban manufactur...
"Nostalgic, funny and sad ... true story of a plantation in north Bihar on India's border with Nepal"--P. 4 of cover.
In defiance of the stereotypes trotted out by yesterday’s pundits, modern India’s rise is both unusual and unexpected. It is unusual because some of the sharpest economic improvements are being observed in those sections of Indian society which were thought to be the most disadvantaged: women, oppressed castes and rural India. It is unexpected because of the widespread view. Until a couple of years ago, India’s democratic construct was inferior to China’s single-party state. In Behold the Leviathan: The Unusual Rise of Modern India, Saurabh Mukherjea and Nandita Rajhansa provide a gripping picture of how 1.5 billion Indians are combining to spectacular effect to create a range of soc...
‘An insightful view on the origin and evolution of Indian corporates’ – N.R. Narayana Murthy The story of corporate India is linked to managing agencies, an organizational form dominant in the subcontinent from 1875 until its abolition in 1970 that allowed entrepreneurs to promote diverse companies while exercising disproportionate control over cash flows. This is the definitive economic history of Indian companies through the lens of managing agencies, whether controlled by goras or desis. ‘An informed analysis of the ways of Indian business’ – Sanjaya Baru ‘A fascinating history of the precursors of corporate India’ – K.V. Kamath ‘A very timely perspective and a delightful read’ – Ashok S. Ganguly