India in the global (political) economy
in India in a globalized world
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This chapter explores the history of India's integration into the international/global economy. It discusses how foreign trade in pre-colonial times had increased the prosperity of many regions in India and how the process of industrialisation benefitted certain classes in society. It highlights the imposition of restrictions on foreign trade and foreign investment after India's independence and describes emerging opportunities in the twenty-first century in the post-liberalisation era.


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