Capital Shortage

Credit and Indian Economic Development, 1920–1960

Maanik Nath

Cambridge University Press
Publication date : 2023-08-10

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The great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.

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About the book

Author

Maanik Nath

Imprint

Cambridge University Press

Collection

n.c

Publication date

2023-08-10

Pages

n.c

Print ISBN

9781009359078

Language

English

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9781009359030

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£31.64

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File size 5018 Ko

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9781009359054

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File size 4291 Ko

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Maanik Nath

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