Abstract

This volume critically examines the notion of a ‘new’ India by acknowledging that India is changing remarkably and by indicating that in the overzealous enthusiasm about the new India, there is collective amnesia about the other, older India. The book argues that the increasing consolidation of capitalist markets of commodity production and consumption has unleashed not only economic growth and social change, but has also introduced new contradictions associated with market dynamics in the material and social as well as intellectual spheres.

'Highly readable, thoroughly rigorous and anchored in serious historical scholarship... A brilliantly nuanced narrative of the two Indias, their interactions and consequences.' —Ajit Singh, Emeritus Professor of Economics, University of Cambridge

Anthony P. D’Costa is a Professor in Indian Studies and Research Director at the Asia Research Centre, Copenhagen Business School. He has written extensively on the global steel, Indian automobile, and IT industries, globalization, development, innovations, and industrial restructuring. He is currently working on globalization and the international mobility of IT workers, and editing volumes on Asian economic nationalism and the development experiences of India and China.

This book challenges the notion of a ‘new’ India, not by dismissing it as an imagined India, but by engaging in the debate as to what constitutes the new. It acknowledges that India is changing remarkably, while also acknowledging that in the overzealous enthusiasm about the new India there is collective amnesia about the other, older India. The essays argue that the increasing consolidation of capitalist markets of commodity production and consumption has unleashed not only economic growth and social change, but also introduced new contradictions associated with market dynamics in the economic and social spheres such as agrarian crisis, slow growth of employment, and the persistence of low-caste exploitation.

The volume also investigates the emergent tensions in art, architecture, and citizenship. In transforming India into an IT valley with corporate campuses, appealing to a westernized audience of technology entrepreneurs, including non-resident Indians abroad, architecture arguably is not addressing India’s economic and social plight. Art too has taken a commercial turn by catering to the new middle classes spawned by the global and Indian technology revolution. The extraordinary economic values they command seem to jar with the grim economic and social polarization underway. The book unravels contemporary India in its complexities and uncovers some of the hidden tensions plaguing the country, and points to the significance of a widely shared development outcome as an alternative for social transformation.

'D’Costa has created a fine multidisciplinary team not only from history but also from anthropology, art and architecture, development studies, economics and business to explore the need for a New India and the contradictions it generates.' —Professor Barbara Harriss-White, Director, Contemporary South Asia Studies Programme, Oxford University