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The Economic History of India, 1857-1947$
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Tirthankar Roy

Print publication date: 2011

Print ISBN-13: 9780198074175

Published to Oxford Scholarship Online: January 2013

DOI: 10.1093/acprof:oso/9780198074175.001.0001

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Plantations, Mines, Banking

Plantations, Mines, Banking

(p.215) 8 Plantations, Mines, Banking
The Economic History of India, 1857-1947

Tirthankar Roy

Oxford University Press

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

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