Name- Ruchika Singh

Roll No- PGFC1955

Group-12
Topic- Why write a business history of Modern India?

AUDIENCE- To be communicated to the audience size of 61 Post graduate

students of the age group of 20-26 and the Gender ratio is going to be 35:26(Girls:
Boys).

INTENT FRAMEWORK- The presentation is intended to throw light on the genesis

of business history of India.

MESSAGE- Understand the world economy and state policy shaped private
investment mainly by making technology less scarce or more.
In recent times, private investment of india has led to an economic revival in
India. But this is not the first time the region has witnessed this business growth.
There have been many similar stories over the past 300 years. India's economic
history shows that capital was relatively expensive in previous times . How, then,
did capitalism flourish in the region? How did companies and entrepreneurs deal
with the shortage of key resources? Has there been a common pattern in
responses to these issues over the centuries? Through detailed case studies of
firms, entrepreneurs, and business commodities, Tirthankar Roy answers these
questions. Roy bridges the approaches of business and economic history, by
illustrating the development of a distinctive regional capitalism. On each occasion
of growth, connections with the global economy helped firms and entrepreneurs
to manage the risks. By Making deep connections between India's economic past
and present shows why history matters in its remaking of capitalism today. The
rate of growth in the number of factories and factory employment, from 1860 to
1940, places Indian development on a par with Russia and Japan. In monsoon
South Asia, however, the seasonal boom and slack in economic activity was on a
scale not visible in many other societies which cause large fluctuations in demand
for money and interest rates within the year. A phenomenon that historically
prompted return-hungry financiers keen to reap the windfall during periods of
high activity to keep money idle in the slack season rather than being lent long
term . “What is remarkable about Indian capitalism, therefore, is that it has
flourished in the context of the persistent scarcity—and the consequent high
cost—of capital”.
LEARNING-
This book gave huge information about how the present economic resurgence is
not a new phenomenon in India as there has been a number of such instances in
the past that gave the Indian economy a boost. The capitalistic economic came
with its own price. The other thing that the book teaches is how the capitalist
economic came with huge risks still the Indian Government has been able to draw
the best from it. Through this book, one learns how to manage risks posed by the
Captilist economy. Thus, this book comes with great learnings for enterpenures
who want to gain the right knowledge about how to run a business during
changing economic conditions and risk filled economy. The book has a number
incidents and accounts of past instances of economic slow down and economic
resurgence. These accounts acts as a great source of learning for us. The other
learning from the book is how to operate with efficiency in the case of scarcity.
Resources are always scare and how to deal with such scarcity in the best possible
way is what the book teaches it’s readers.
The learnings from the book are too valuable and complex and of varied nature,
hence it cannot be compressed and jotted down in a few lines or words. The
insight that it gave into the history of the Captilist Indian economy is of great use
and a source of learning.