Chapter

Plantations, Mines, Banking

Tirthankar Roy

in The Economic History of India, 1857-1947

Third edition

Published in print December 2011 | ISBN: 9780198074175
Published online January 2013 | e-ISBN: 9780199082148 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198074175.003.0008
Plantations, Mines, Banking

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Similar to large-scale industry, plantations, mines, and banking and insurance in India used relatively new forms of organization, were more or less global, and had to adapt in varying degrees to conditions of work throughout the country. Most of the plantations and mines were European-owned, but utilized Indian customary forms of hierarchy in dealing with labour. In banking, operations and performance were influenced by the nature of the Indian clients. Within plantations and mining, two specific businesses can be identified, namely tea and coal. This chapter describes the plantation, mining, and banking sectors in India, looking first at tea and coffee plantations before turning to banking and insurance. It also discusses the establishment of the Reserve Bank of India in 1935.

Keywords: India; plantations; mining; banking; insurance; Reserve Bank of India; tea; coal; coffee

Chapter.  9796 words.  Illustrated.

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