Indian Capitalism in Development

Barbara Harriss-White was formerly Director of Oxford University’s Contemporary South Asian Studies programme, and Director of the Department of International Development at Queen Elizabeth House. She is now Emeritus Professor of Development Studies and Senior Research Fellow in Area Studies, Oxford University, UK. Since 1969 she has been studying and teaching Indian political economy focussing on rural development, informal capitalism and many aspects of deprivation.Judith Heyer was formerly a Tutorial Fellow of Somerville College, and Lecturer in the Department of Economics, at Oxford University. She is now an Emeritus Fellow of Somerville College. She has written extensively on Kenya and India, specialising in rural development and political economy.

• Introduction Primitive Accumulation and Capitalist Development in Neoliberal India: Mechanisms, Resistance, and Persistence of Self-Employed Labour Regional Patterns of Agrarian Accumulation in India Agrarian Relations and Institutional Diversity in Arunachal Pradesh First Transaction, Multiple Dimensions: The Changing Terms of Commodity Exchange in a Regulated Market in Madhya Pradesh The Political Economy of Microfinance and Marginalised Groups: Implications of Alternative Institutional Strategies Labour in Contemporary South India Emerging Spatio-Technical Regimes of Accumulation in the Globalising South and Implications for Labour Commodification, Capitalism and Crisis A Heterodox Analysis of Capitalism: Insights from a Market Town in South India after the Green Revolution Money Laundering and Capital Flight Power Hungry: The State and the Troubled Transition in Indian Electricity Technology and Materiality: South Asia in the 21st Century

"This excellent collection by leading South Asian and European scholars could not be more timely. Their essays, grounded in field work and with analytical finesse, make notable contributions to our understanding of the complexities and contradictions of capitalist development across India’s s major economic sectors today. The authors provide new insights on longstanding issues in the light of current change in India, as well as addressing new topics like India’s much vaunted ‘knowledge economy’, money laundering and capital flight." Henry Bernstein"Is Indian capitalism really different? This important book addresses this question through a focus on patterns of accumulation and how they interact with other economic, social, political and cultural processes, providing fascinating insights into the singularities, diversities and complexities of capitalism – and economy and society in general – in India." Jayati Ghosh "The set of papers in this volume traces the dynamics of capitalist development in India focusing on activities where the mass of the labour force is concentrated and subjected to manifold exploitation." K.P.Kannan