The Indian Economy in Transition

Taking the period following the advent of liberalization, this book explains the transition of the Indian economy against the backdrop of development. If the objective is to explore the new economic map of India, then the distinct contributions in the book could be seen as twofold. The first is the analytical frame whereby the authors deploy a unique Marxist approach consisting of the initial concepts of class process and the developing countries to address India's economic transition. The second contribution is substantive whereby the authors describe India's economic transition as epochal, materializing out of the new emergent triad of neo-liberal globalization, global capitalism and inclusive development. This is how the book theorizes the structural transformation of the Indian economy in the twenty-first century. Through this framework, it interrogates and critiques the given debates, ideas and policies about the economic development of a developing nation. '[This] book is genuinely original and profound. It does not rehearse well-trod and well-known conventional discussions of Indian economic development. Here is both theoretical advance and an exploration of insights enabled by that advance. A new kind of critical Marxian theory is presented and extended, bringing readers the latest developments in this global tradition of radical thought. A new sense of the Indian economy - what 'transitions' are and are not occurring - emerges in powerful analytics ... Bravo for an exceptional achievement and contribution.' Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, AmherstPreface; Introduction; 1. The condition of the working class in contemporary India; 2. Capitalism: the 'delusive appearance of things'; 3. Postcolonial development and 'the thought of the outside'; 4. The word and the world of neo-liberalism; 5. The scrypt of transition: between the spectral and the secret thereof; 6. From self-reliance to neo-liberalism: the political economy of 'Reform' (1991-2014); 7. Global capitalism and world of the third: the emergent cartography of the Indian economy; 8. Inclusive development, state and violence; 9. From economic crisis to transition crisis; Conclusion; Bibliography; Author index; Subject index.