The Public Sector and the Regime of Capital in India, 1947–1975

  • Chirashree Das Gupta
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)


This chapter focuses on the relationship between state and capital in the expansion of accumulation and the restructuring of the organisation of capital in the Indian economy in the first three decades after independence. This chapter examines how the phenomenon of the public sector in India arose in history and what were the principal stages in its development in the period of dirigisme in India so as to establish its role in the regimes of capital accumulation that subsequently developed in independent India.


Public sector Accumulation regime India Capital stock Capital formation Capital investment Regional disparity Private sector Access to technology Neoliberalism Dirigisme 

JEL Classification

B52 F63 N15 N25 N45 O25 O47 O53 P16 P27 R53 


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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Chirashree Das Gupta
    • 1
  1. 1.Centre for the Study of Law and GovernanceJawaharlal Nehru UniversityNew DelhiIndia

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