Imperialism, nationalism and the making of the Indian capitalist class, 1920-1947/ Aditya Mukherjee.

Series Editors' Preface 10
List of Tables 13
List ofAbbreviations 14
Preface 16
One: Introduction 21
I. The Economic Background
II. Decolonization?
Two: The Politico-Ideological Dimension 39
I. Emergence of Class Organization
II. Imperialism and the Capitalist Class
III. The Indian Capitalist Class and the National Movement
Three: Finance and Monetary Policy 1:1926-28 89
I. Introduction
II. The Ratio
Ila. Hilton Young Commission: The Government View
lib. The Capitalists' View
lie. Impact on Agriculture
Ild. Impact on Government Finance
He. Impact on Industry
III. The Gold Standard
Four: Finance and Monetary Policy II: 1929-39 122
I. The Depression
II. The Rupee-Sterling Link
III. Gold Exports
8 Imperialism, Nationalism and the Indian Capitalist Class
IV. Government Budgetary Policy
V. The Reserve Bank of India
Va. The First Phase, 1927-28
Vb. The Second Phase, 1930-33: The British View
Vc. The Indian Capitalists' Response
Five: Finance and Monetary Policy III: The War and After 161
I. Sterling Balance
la. British Motives
lb. The Capitalist Response
Ic. Utilization of the Sterling Balances
Id. Capital Goods
le. Post-War Bargaining
II. The Empire Dollar Pool
III. Post-War Monetary Agreements: The IMF and the IBRD
Six: Tariffs, Trade and Industry 1:1916-30 208
I. Introduction: Industrial Policy of the Covenrment of India
la. Impact of Economic Changes Since the First World
War on Fiscal Policy
II. The Fiscal Autonomy Convention, 1919 and the Fiscal
Commission Report, 1921-22
Ila. The Indian Capitalists' Response
lib. Conditions for Discriminating Protection
lie. Permanent Tariff Board
lid. Imperial Preference
III. The Cotton Textile Industry (Protection) Bill, 1930
Seven: Tariffs, Trade and Industry II: 1932-36 247
I. Introduction
II. Ottawa Agreement, 1932
III. Mody-Lees Pact and Indo-British Trade Agreement, 1935
Eight: Tariffs, Trade and Industry III: 1936-39 305
I. Indo-British Trade Negotiations, 1936-39
Nine: Tariffs, Trade and Industry IV: 1939-47 362
I. Introduction
II. The War as Opportunity
Contents 9
III. United Kingdom Commercial Corporation
IV. CapitalIssues Control
V. Excess Profit Tax
VI. Eastern Group Conference, American Technical Mission,
Lease Lend Agreement
VII. ThePost-warYears: InternationalConference on Tradeand
Employment and the International Trade Organization
Vila. US Draft Proposals for International Conference
on Trade and Employment
Vllb. First Preparatory Committee Meeting, London
VIIc. Second Preparatory Conference, Geneva
Ten: Foreign Capital
I. Introduction
II. Reservation
III. United Front
IV. Right to Discriminate
V. The War Years: Indian Ltds
VI. Role of the State
VII. Repatriation
VIII. Inflow of Foreign Capital
Villa. Capital Equipment and Technology
Vlllb. Direct Participation: Terms
VIIIc. Collaboration Agreements
IX. Concluding Remarks
Eleven: Planning and Public Sector 474
I. Introduction: Need for Plarming
II. Why Public Sector?
III. Capitalists Defendtheir Plan
IV. Left Nationalist and Capitalist View: The Commonalities
V. Left Nationalist and Capitalist View: The Differences
Twelve: Concluding Remarks 524
Appendix
Bibliography
Index
About the Author 565