Chapter

British Business, Race, and Economic Nationalism

Maria Misra

in Business, Race, and Politics in British India, c. 1850–1960

Published in print April 1999 | ISBN: 9780198207115
Published online October 2011 | e-ISBN: 9780191677502 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198207115.003.0006

Series: Oxford Historical Monographs

British Business, Race, and Economic Nationalism

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One of the most important changes in the environment in which expatriate firms operated during the inter-war period was the growing economic and political challenge from the Indians. New groups became more prominent, such as the Marwaris of Calcutta, and the Guajarati mill owners of Ahmedabad, many of whom strongly sympathised with the Gandhian Congress. These business communities posed a direct threat to the British business control as many of the new Indian entrepreneurs began to acquire large shareholdings in the concerns managed by the agency houses. An increased involvement in politics and a close relationship with Congress enabled some Indian businessmen to promote legislative bills to limit the sphere of operation of British firms. The rhetoric of economic nationalism played an important part in the Indian nationalist movement.

Keywords: British business; economic nationalism; Indianisation; Marwaris; Congress

Chapter.  7939 words. 

Subjects: Asian History

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