01638nam a22002177a 450000500170000000800410001702000180005802800920007608200160016810000180018424500910020226000550029330000240034836500090037252008950038165000390127665000210131565000360133665000320137270000160140420240306101317.0240306b        |||||||| |||| 00| 0 eng d  a9781009359078  a: Technical Bureau India Pvt. Ltd.b: E/261, Shastri Nagar, Delhic: TB4071d: 2/3/2024  a332.709 NAT  aNath, Maanik.  aCapital Shortageb: Credit and Indian Economic Development, 1920-1960.c/ Maanik Nath.  a, New Delhib: Cambridge University Pressc, 2023.  aviii,239p.c: 24cm.  b6300  aThe great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.  aAgriculture and remained dependent  aCapital affected  aColonial and postcolonial India  aIndian Economic Development  aMaanik Nath