Economic History of India

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Atlantic Publishers & Dist, Apr 1, 2008 - India - 360 pages
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For a proper understanding of India s economy as we find today with its fast development, a study of its past economic conditions is necessary. India s economic history spans nearly 5000 years and dates back to Indus Valley Civilisation the two prominent cities of which Mohanjodaro and Harappa were big industrial centres having trade relations with West Asia and other parts of the world. Several sources provide us valuable information about the economic condition of the people of India at various stages of history. From Vedic literature we get a detailed description of the economic life of the Aryans. The Buddhist literature, particularly Jatakas and Tripitaka give us a glimpse of the economic condition of India from 650 to 321 B.C. when every village was a self-sufficient unit. Kautilya s Arthasastra, Magasthenes Indica and Vishakhadatta s Mudrarakshasa give detailed description of the economic systems of the Mauryan period. The accounts of Chinese travellers Fa-hien and It-sing are remarkable evidences of the socio-economic life in Gupta period. Historians like Manucci tell us about the economic reforms undertaken during Mughal rule in India. The British who carved out their empire in India in the 17th century, drained India of its wealth, destroyed the self-sufficient character of villages, increased agricultural indebtedness, and gave rise to a capitalist class in India with the growth of new urban centres. After the achievement of independence in 1947 started the process of nation-building through economic planning. With the liberalisation of Indian economy in the 1990s, the country has been put on a high growth path and is making fast economic progress. The book captures the salient features of India s economic history in chronological order. It will fulfil the needs of students and teachers of this subject and prove immensely useful to the aspirants of Civil Services and other competitive examinations.
  

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Contents

Introduction
1
Economic Life of the Indus People
11
The Early Vedic Age
14
Later Vedic Age
17
The Epic Age
20
Economic Condition between 650321 B C
22
Economic Life under Mauryas
26
Sangam Age
29
Economic Condition under Marathas
103
Revenue Administration under Marathas
108
Impact of British Rule on Indian Economy
110
The Indian Economy in the Eighteenth Century
149
The New Pattern of Trade
169
Impact of World War I on Indian Economy
193
Impact of World War II on Indian Economy
198
Growth of Modern Industry
201

i Economic Condition under Pallavas
37
ii Economic Life under Cholas
42
iii Economic Life under Pandyas
49
iv Economic Condition under Vijayanagar Rulers
54
Guptan Age Gupta Period
61
Economic Life in Ancient India
64
Sultanate Period
75
Mughal Period
78
Revenue Administration under Sultans
81
Revenue Administration under Mughals
85
Economic Life in Medieval India
90
Middle Class and the Indian Economy
219
Labour Force and Indian Economy
231
IndoBritish Economic Relations
254
Growth of Indian Economy from 1947 to 1964
276
Economic Development under Mrs Indira Gandhi
283
Economic Condition of India after Mrs Indira Gandhi
293
Economic Development under FiveYear Plans
297
Bibliography
343
Index
345
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