000			01688nam a22002417a 4500
005			20240306101317.0
008			240306b |||||||| |||| 00| 0 eng d
020			_a9781009359078
028			_a: Technical Bureau India Pvt. Ltd. _b: E/261, Shastri Nagar, Delhi _c: TB4071 _d: 2/3/2024
082			_a332.709 NAT
100			_aNath, Maanik.
245			_aCapital Shortage _b: Credit and Indian Economic Development, 1920-1960. _c/ Maanik Nath.
260			_a, New Delhi _b: Cambridge University Press _c, 2023.
300			_aviii,239p. _c: 24cm.
365			_b6300
520			_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.
650			_aAgriculture and remained dependent
650			_aCapital affected
650			_aColonial and postcolonial India
650			_aIndian Economic Development
700			_aMaanik Nath
942			_cBOOK
999			_c61455 _d61455