Review: India's political economy

Abstract

Though this is an extremely important study from one of the most perceptive of U.S. scholars of India, it is not, despite its title, a study of India's “political economy.” That would require a much fuller analysis of Indian relations of production and their contradictions-including those of class, caste, gender, and nationality—within the framework of the world capitalist system. Instead, it is basically a detailed analysis of Indian government economic policy since independence, with a discussion of economic dilemmas and rural class-caste contradictions as a backdrop.