Global Capitalism and the Indian Economy locates the recent history of liberalization in India within the longer history of global capitalism. It takes a panoramic view of the linkages between the Indian economy and world capitalism: the developments in the nineteenth century, the breakdown of British hegemony after the Depression of the 1930s, the nature of the post-war boom and the subsequent phase of recession. By analysing the structural shifts within the world economy, the tract critiques the process, the nature and implications of India's integration to this global system.