ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Nehru's Legacy

Nehru may not have succeeded in achieving all that he set out to do, but his contributions have been foundational in building India as a secular, democratic republic which would have a socialistic "common sense." Today the Nehruvian ideals and institutions are under threat. A survey of Nehru's life and work argues for the centrality of his contribution to making India the only postcolonial state which experienced democratic development.

Challenges to the Social Sciences in the 21st Century

The Eurocentric world view has remained long after European political and economic domination waned by the end of the "Long Nineteenth Century". European ideological hegemony still holds sway over the humanities and social sciences in the developing world. The colonisation of the mind that this entails is a challenge to be overcome politically, academically, as well as ideologically.

Empire: How Colonial India Made Modern Britain

The view that colonialism did not have a major impact on the modernisation process of the colonising countries of Europe has not been critiqued adequately. Focusing primarily on the relationship between Britain and India, this paper argues that the economic development in Europe both in terms of the rise in living standards in human development and in the sense of the structural breakthrough with the rise of capitalism was closely linked with Europe's relationship with the rest of the world from about the 15th century. The imperial connection between Britain and India contributed to British industrialisation and its emergence as a hegemonic power in the world, sustained Britain through her period of relative decline in global competition in the industrial sphere, enabled her financial supremacy in the world till the first world war to finally seeing her through the crisis years of the 20th century and up to the second world war.

Controversy over Formation of Reserve Bank of India, 1927-35

Bank of India, 1927-35 Aditya Mukherjee The controversy over the setting up of the Reserve Bank of India, preceding its inauguration in 1935, brings out how Britain sought to protect its financial interests in India by maintaining control over the financial policy of colonial India. The Indian capitalists acted not only as representatives of their own class hut as spokesmen of anti-imperialist national economic interests in resisting British manoeuvres.

Imperialism and Growth of Indian Capitalism in Twentieth Century

Imperialism and Growth of Indian Capitalism in Twentieth Century Aditya Mukherjee Mridula Mukherjee This paper discusses the Indian experience of development since independence, with the emphasis on trying to relate the specific development path followed by the country to the historico-structural conditions in which it was placed. The first two parts of the paper highlight the nature of the political, economic and ideological development of the Indian bourgeoisie in the colonial period as well as certain trends in the colonial economy before 1947. The actual trends that have emerged in the Indian economy since independence as a result of the specific path of development that has been followed are outlined in the third part. Part four discusses certain other factors which are crucial to the path of development followed, viz, the nature of the hegemonic ideology in the Indian national movement as well as in Indian society after independence, the role of political democracy, the balance of class forces since independence, the role of the state and the public sector and the size of the Indian home market. The authors conclude with a discussion of some of the political implications of post-independence Indian development.

The Communists, the Congress and the Anti-Colonial Movement

The Communists, the Congress and the Anti-Colonial Movement Bipan Chandra Mridula Mukherjee Sashi Joshi Aditya Mukherjee Bhagwan Josh Lajpat Jagga SUMANTA BANERJEE's review of "The Indian Left" (EPW, February 18, 1984) needs to be rebutted for several reasons; he has; often misrepresented or distorted what the authors represented in the book have said; what is more important, in other instances, despite his bantering tone and the inadequacy of historical knowledge, a serious argument is involved which deserves to be carried forward, for some of the major weaknesses of the left today lie in its polities and theory

Indian Capitalist Class and the Public Sector, 1930-1947

The Indian capitalist class emerged with increased strength and large accumulations after the depression and the war, when the ties of the colonial economy with the metropolis were weakened. However, its position was still highly insecure. Past experience had taught the Indian capitalists that their gains would be short-lived if metropolitan control was fully reasserted. Even if political independence was achieved, it was feared that Indian capital wastoo weak to face foreign competition. The gains made by the capitalists during the depression and the war were not sufficient to initiate a process of industrialisation without planning and state help.
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