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Corporate Capitalism in Post-Interventionist India: Paradoxes and More

Published in
Pages: 129 - 180

In the previous chapters, I have attempted to delineate the contradictions of the Indian corporate economy as it existed until the eighties. The primary contradiction, I argued, was manifest in the fact that, despite considerable growth and expansion of the corporate economy, and fairly high levels of profitability, the effects of this growth were hardly evident on the rest of the economy. It is this contradiction that I take as the starting point for my discussion of the post-interventionist model. The thrust of my arguments can be summarised as follows.

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