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.
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