A Business History of India: Enterprise and the Emergence of Capitalism from 1700. By Tirthankar Roy. pp. 298. Cambridge, Cambridge University Press, 2018

[...]the British empire provided a huge market with a common commercial law and language, which facilitated transfers of capital, technology and people, of which, as he shows, Indian business took considerable advantage. The author believes that the positive effect on the balance of payments in the...

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Bibliographic Details
Published in:Journal of the Royal Asiatic Society 2019, Vol.29 (4), p.747-748
Main Author: Knight, Lionel
Format: Review
Language:English
Subjects:
Business
Business communication
Capitalism
Entrepreneurship
Globalization
Historians
Ibn Battutah (1304-68?)
International trade
Private colleges & universities
Private schools
Online Access:Get full text
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Summary:[...]the British empire provided a huge market with a common commercial law and language, which facilitated transfers of capital, technology and people, of which, as he shows, Indian business took considerable advantage. The author believes that the positive effect on the balance of payments in the 1980s encouraged politicians to bring to an end the era of the Foreign Exchange Regulation Act. There is also much information about the Parsis who were far from being a traditional business community, moving into shipping when the Company's China trade ended, then to opium trading, and into industry with such success that by 1914–34 of the 95 cotton textile mills in India were theirs.
ISSN:1356-1863
1474-0591
DOI:10.1017/S1356186319000312