01688nam a22002417a 4500 20240306101317.0 240306b |||||||| |||| 00| 0 eng d 9781009359078 : Technical Bureau India Pvt. Ltd. : E/261, Shastri Nagar, Delhi : TB4071 : 2/3/2024 332.709 NAT Nath, Maanik. Capital Shortage : Credit and Indian Economic Development, 1920-1960. / Maanik Nath. , New Delhi : Cambridge University Press , 2023. viii,239p. : 24cm. 6300 The 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. Agriculture and remained dependent Capital affected Colonial and postcolonial India Indian Economic Development Maanik Nath BOOK 61455 61455 0 0 ddc 0 0 SNUL SNUL 2024-03-06 Technical Bureau 6300.00 0 332.709 NAT 30089 2024-03-06 00:00:00 2024-03-06 BOOK