The politics of industry in Nehru's India (Record no. 43919)

000 -LEADER
fixed length control field 01459nab a22001217a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 160615b2015 xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Tyabji, Nasir
245 ## - TITLE STATEMENT
Title The politics of industry in Nehru's India
Statement of responsibility, etc. Tyabji, Nasir.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2015
300 ## - PHYSICAL DESCRIPTION
Extent 97 - 103
520 ## - SUMMARY, ETC.
Summary, etc. The paper argues that at the time of independence Indian managing agencies, controlling most industrial firms and their associated enterprises, were in themselves embodiments of pre-industrial forms of capital accumulated through trading and moneylending. This militated against technological dynamism within the industrial firms because the managing agencies applied a profit-maximising calculus across their various business activities, rather than in relationship to any individual firm. The group structure, in fact, facilitated the leakage of surpluses generated in industrial activity into the parallel speculative and moneylending interests of the managing agents. After independence, the government's attempts to reform the industrial sector met resistance from politically influential businessmen who had supported the anti-colonial movement. The British government also interceded here. The social engineering that these reforms entailed, embodied in legislation, was thwarted by the combined pressures exerted by affected businessmen, but this should not prevent an appreciation of what the government was attempting.
773 ## - HOST ITEM ENTRY
Main entry heading Economic and Political Weekly
Place, publisher, and date of publication Aug 29
Holdings
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        Ahmedabad (HO) Ahmedabad (HO) 21/06/2016 Vol. 50, Issue. 35   020389 21/06/2016 21/06/2016 Articles

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