Capitalist Development in India's Informal Economy

Taylor & Francis

Capitalist Development in India's Informal EconomyAuthor(s): Elisabetta Basile\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138573888, 978-1138573888\nSynopsis\nThis book explores the economy and society of Provincial India in the post-Green Revolution period. It argues that the low 'quality' of capital development in India's villages and small towns is the joint outcome of the informal economic organisation, that is strongly biased in favour of capital, and of the complex stratification of the workforce along class and caste lines.\n\nFocusing on the processes of growth induced by the introduction of the high-yield varieties in agriculture, the book demonstrates that a low-road pattern of capitalist development has been emerging in provincial India: firms compete over price and not over efficiency, with a constant pressure to reduce costs, in particular labour costs. The book shows that low-skilled employment prevails and .