Indian Business in the Twentieth Century: Development within an Era of Globalisation

This book explores the development of Indian business organizations from 1947 to the twenty-first century, combining business history and political economy. It highlights how Indian businesses adapted new managerial ideas and organizational developments while adapting them to the specific domestic context, and includes case studies of the Indianization of foreign-owned multinationals and the rise of new business organization and management training.

Format: Hardback
Length: 158 pages
Publication date: 29 September 2022
Publisher: Taylor & Francis Ltd

The journey of Indian business organization from independence in 1947 to the twenty-first century is intricately woven with a blend of business history and political economy. This comprehensive book explores the profound shifts and transformations that have shaped the Indian economy, propelling it to become one of the foremost global economies of the present day.

After centuries of colonial rule, India achieved its independence in 1947, embarking on a path of economic transformation. The economy, which had previously been heavily reliant on the export of raw materials, transitioned into a phase of state-promoted development. This era saw the establishment of public institutions, infrastructure projects, and policies aimed at fostering growth and industrialization.

However, the winds of change were blowing. By the close of the twentieth century, India had embraced a policy of liberalization and integration into the world economy. This opened up new avenues for trade, investment, and technological exchange, leading to a surge in economic growth and development.

The book takes a comprehensive look at the various industries that have contributed to India's economic growth. It explores the traditional sectors, such as textiles, and delves into the industries of the second and third industrial revolutions, encompassing a wide range of sectors such as chemicals, oils, telecommunications, and more.

One of the key themes of the book is the adaptability of Indian businesses. It highlights how these organizations were able to import new managerial ideas and organizational developments from the West while simultaneously adapting them to the unique domestic context. The case studies provided in the book showcase the successful integration of human resource management practices in the post-colonial "indianization" of foreign-owned multinationals, as well as the emergence of new business organizations and management training programs that played a crucial role in the development of Indian multinational organizations such as Tata Sons.

The chapters in this book were originally published as a special issue of Business History, a renowned academic journal that focuses on the study of business history and its impact on society. The book offers a valuable insight into the complex dynamics of economic development, the role of government policies, and the contributions of various industries in shaping India's economic landscape.

In conclusion, this book provides a comprehensive and insightful exploration of the development of Indian business organization from independence to the twenty-first century. It sheds light on the profound shifts and transformations that have shaped the Indian economy, highlighting the adaptability and resilience of Indian businesses in the face of changing global circumstances. It is a valuable resource for scholars, researchers, and policymakers interested in understanding the complex dynamics of economic growth and development in India.

Weight: 450g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032329376