Introduction The economic reforms introduced in India during the 1990s marked a turning point in the country’s development trajectory. Triggered by a severe balance of payments crisis, these reforms aimed at liberalizing the economy, reducing state control, and integrating with the global market. Often referred to as the LPG reforms—Liberalization, Privatization, and Globalization—they fundamentally altered […]
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Introduction The Herschell Committee, formed in 1892, was a significant step in the financial reforms introduced by the British colonial administration in India. Its primary purpose was to examine the question of currency standard and recommend measures to stabilize the Indian monetary system, especially in the context of the fluctuating value of the silver rupee.
Herschell Committee Report Read More »
Introduction Bird Heiglers & Co. was one of the prominent European commercial enterprises operating in colonial India during the 19th and early 20th centuries. It played a vital role in the trade and industrial sectors, particularly in mining and jute, and serves as a classic example of how British capital and enterprise dominated Indian industries
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Introduction Globalisation refers to the increasing interconnectedness and interdependence of economies, cultures, and populations across the world through the exchange of goods, services, information, technology, and people. In the Indian context, globalisation gained momentum especially after the economic reforms of 1991, which opened the country to global markets and competition. Phases of Globalisation in India
Introduction Customary rights of forest-dwellers refer to the traditional rights and practices of indigenous and tribal communities over forest land and resources. These rights include grazing, collecting firewood, hunting, and gathering minor forest produce. Under British colonial rule, these customary rights came under serious threat due to the imposition of forest laws and commercialization of
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Introduction The concept of the “drain of wealth” from India to Britain during colonial rule has been a critical subject in the study of India’s economic history. Originally advanced by thinkers like Dadabhai Naoroji, R.C. Dutt, and later supported by nationalist economists, the theory highlighted how colonial policies led to the systematic transfer of Indian
Critically examine recent arguments pertaining to drain of wealth. Read More »
Introduction The eighteenth century in Indian history is often debated among historians as a time of widespread decline or a period of transformation. While traditional interpretations argue that the century was marked by decay and disruption across political, economic, and social spheres, recent studies challenge this narrative. In this post, we critically examine the idea
‘The eighteenth century was a century of universal decline.’ Comment. Read More »
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