The monograph surveys the developments within the Indian economy during the period of the high tide of colonial domination between the 1857 Rebellion and the First World War. Its various sub-chapters deal with population, gross product and prices; tribute, imperialism of Free Trade, and the construction of railways; peasant agriculture, plantations, commercialization of agriculture and its impact on rents, peasant incomes and agricultural wages; and rural de-industrialization, modern industries, tariff and exchange policies; banking and finance; and fiscal system, tax-burden and the rise of economic nationalism. There are extracts from contemporary comments and reports; technical notes on such matters as computing national income, counterfactual analysis, etc., and short bibliographies accompanying each of the five chapters.Irfan Habib, formerly Professor of History, Aligarh Muslim University, is author of The Agrarian System of Mughal India 1556 1707 (1963; 2nd rev. edn, 1999), An Atlas of the Mughal Empire (1982) and Essays in Indian History: Towards a Marxist Perception (1995). In the People s History of India series, he has authored Prehistory (2001) and The Indus Civilization (2002), and co-authored The Vedic Age (2003) and Mauryan India (2004). He has edited Confronting Colonialism: Resistance and Modernization under Haidar Ali and Tipu Sultan (1999), State and Diplomacy under Tipu Sultan (2001) and A Shared Heritage: The Growth of Civilizations in India and Iran (2002); and co-edited Sikh History from Persian Sources (2001), the Cambridge Economic History of India, Vol. I (1982), and UNESCO s History of Humanity, Vols IV and V, and History of Central Asia, Vol. V.

A unique examination of the development of the modern Indian economy over the past 150 years.

A wide-ranging survey of the Indian sub-continent, Modern South Asia gives an enthralling account of South Asian history. After sketching the pre-modern history of the subcontinent, the book concentrates on the last three centuries from c.1700 to the present. Jointly written by two leading Indian and Pakistani historians, Modern South Asia offers a rare depth of understanding of the social, economic and political realities of this region. This comprehensive study includes detailed discussions of: the structure and ideology of the British raj; the meaning of subaltern resistance; the refashioning of social relations along lines of caste class, community and gender; and the state and economy, society and politics of post-colonial South Asia The new edition includes a rewritten, accessible introduction and a chapter by chapter revision to take into account recent research. The second edition will also bring the book completely up to date with a chapter on the period from 1991 to 2002 and adiscussion of the last millennium in sub-continental history.

How colonial governments in Asia and Africa financed their activities and why fiscal systems varied across colonies reveals the nature and long-term effects of colonial rule.