ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Monopoly Capital, Private Corporate Sector and the Indian Economy-A Study in Relative Growth, 1931-76

India has never been through a period of competitive capitalists In the past foreign dominations, feudal relations in agriculture, lack of incentive for domestic industries, and the existence, often with the encouragement of the colonial power, of a host of monopolies (local, regional or national) in trade and finance, constituted effective barriers to the emergence of capitalism.

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