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Relations of Production and Modes of Surplus Extraction in India

  • Amit Basole

    ()

    (University of Massachusetts Amherst)

  • Deepankar Basu

    ()

    (University of Massachusetts Amherst)

This paper uses aggregate-level data, as well as case-studies, to trace out the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informal industrial sector. These aggregate trends are used to infer: (a) the dominant relations of production under which the vast majority of the Indian working people labour, and (b) the predominant ways in which the surplus labour of the direct producers is appropriated by the dominant classes. This summary account is meant to inform and link up with on-going attempts at radically restructuring Indian society. JEL Categories: B24, B51

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Paper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2011-01.

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Date of creation: Oct 2010
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Handle: RePEc:ums:papers:2011-01
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