The Long March to Capitalism - Embourgeoisment, Internationalization and Industrial Transformation in India (Electronic book text)

The Long March to Capitalism is a social and economic analysis on contemporary industrialization in India and it illustrates a distinct process of capitalist market development. Relying on political economy and institutional approaches, the author analyses India's recent industrialization, with a focus on automobiles and consumer durables industries. The author argues that structural transformation, which was initially state-engineered, became the foundation for future market growth and that the rise of the Indian 'middle' class has been the basis for market development, consistent with international economic integration and globalization. Departing from other studies on market expansion, the study emphasizes the uneven character of capitalist development and the inherent contradictions of contemporary industrializaton. It outlines some of the ways by which contradictions could be 'resolved' with an alternative system of capitalist regulation.