By Dharma Kumar, Meghnad Desai

The Cambridge financial historical past of India, released in volumes, goals at tracing the alterations within the economic climate of India from the 13th to the center of the current century and past. the second one quantity covers the interval 1757-1970, from the institution of British rule to its termination, with epilogues at the post-Independence interval. half I opens with a wide description of the financial system in the course of the eighteenth century, then describes normal fiscal tendencies in 4 major areas as much as the center of the 19th century, and incorporates a dialogue of adjustments within the agrarian constitution as much as the top of 1947. half II takes up quite a few issues for the economic system as an entire, whereas half III bargains with post-Independence advancements in India and Pakistan. The Cambridge fiscal heritage of India should be greatly authorised because the usual paintings of reference at the topic, and the volumes should be of relevance to fields except monetary background, being the 1st significant collaborative paintings of its style to discover the shift of a complicated Asian civilization from pre-colonial occasions to independence.

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Sample text

1 If the traditional system of rural manufactures was evidently not in decline, it co-existed and was to some degree involved with a commercialized sector of artisan industries — both rural and urban - in which the producers were not servants of village communities. During the days of Mughal rule, this sector appears to have steadily expanded in response to a growing domestic and export market. As already noted, it is by no means clear that the political turmoils of the eighteenth century led to a regression in manufactures on a sub-continental scale.

2 Peasants' manufactures were at least partly 1 2 Ovington, op. , 149. , I, 218; II, 263; R. Montgomery Martin, The History, Antiquities, Topography and Statistics of Eastern India, 2vols. D. Choksey, Economic History of the Bombay Deccan and Carnatac (1818-1868) (Poona, 1951), 213; D. Ibbetson, Punjab Castes (Lahore, 1961), 302. Cambridge Histories Online © Cambridge University Press, 2008 THE MID-EIGHTEENTH-CENTURY BACKGROUND 21 for disposal in the market even in earlier centuries. , raw silk, indigo, sugar and oil - the peasant was often indistinguishable from manufacturers.

H. , 1970). C. Smith, Agrarian Origins of Modern Japan. It is worth nothing that Buchanan's references to the depressed state of agriculture in Bengal are in sharp contrast to the seventeenth-century accounts—such as Bowrey's-of the region's affluence. One wonders if the difference is to be explained with reference to the Nawabs' exactions and, even more, the post-Plassey plunder. M. Elliot, Memoirs etc. of the Races of the North-Western Provinces of India (London, 1869), II, 341-2. Elliot's source of information was Dr Tennant's Indian Recreations written in 1803.

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