The Long March to Capitalism: Embourgeoisment, Internationalisation and Industrial Transformation in India

The author captures the evolution of Indian industrial capitalism by extending the models of capitalism and regulation framework. Using principally the auto industry and anchoring the analysis to the expansion of markets, he demonstrates that the Indian state and businesses have been important institutions for creating markets. He acknowledges significant market growth, but also underscores several contradictions arising from such capitalist development.