ebook9783319533698d4325

Description

This book, the second of two volumes, continues the authors‚Äô ground-breaking re-examination of India‚Äôs history and political economy. This volume describes the economic fortunes of India in the second half of the 20th century. Beginning with the reconstruction of the Planning Commission and India’s hybrid model of economic planning, the authors describe the multiple shocks weathered by the system before being replaced with a fully free market model after the collapse of the Soviet Union. Chapters consider the stresses placed on India‚Äôs organisation by the shocks of the twentieth century, from its experiments with a socialist economy to its embrace of the Washington consensus in the 1980s. The impact of the invasion of China in 1962 and India‚Äôs struggle to find its feet post-partition are also given detailed analysis. The book‚Äôs unique perspective helps to shed light, for the first time, on how India‚Äôs organisational structure negotiated the country‚Äôs immense historical and cultural inheritance with the stresses of a twentieth century nation state.¬†