Law and the Economy in India

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Since the economic reforms of the 1990s, India's economy has grown rapidly. To sustain growth requires a well-developed legal infrastructure for conducting business. But India's legal infrastructure is in urgent need of reform, plagued by problems. In this incisive volume, renowned economists Tirthankar Roy and Anand V. Swamy begin by tracing the origins of the current Indian legal system. They show how India inherited an elaborate legal system from the British colonial administration, even as they examine the contents and historical antecedents of these laws, including how they have stifled economic development. Weaving the story of India's heralded economic transformation with its social and political history, they show how inadequate legal infrastructure has been a key impediment to the country's economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, it is essential reading for anyone seeking to understand India's current crossroads - and the factors that may keep its dreams unrealized.

Tirthankar Roy is professor of economic history at the London School of Economics and Political Science. He is the author of The Economic History of India, 1857?2010, The East India Company: The World's Most Powerful Corporation, The Crafts and Capitalism: Handloom Weaving Industry in Colonial India and co-author of The Economic History of Colonialism.

Tirthankar Roy I Anand V. Swamy

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