Potentialities of Capitalistic Development in the Economy of Mughal India

  title={Potentialities of Capitalistic Development in the Economy of Mughal India},
  author={Irfan Habib},
  journal={The Journal of Economic History},
  pages={32 - 78}
  • I. Habib
  • Published 1 March 1969
  • Economics, History
  • The Journal of Economic History
When we ask ourselves the question why India failed to industrialize (and develop a capitalistic economy) either before or after the British conquest, we touch the core of an old and hallowed controversy in which the partisans and opponents of British imperiahsm once confronted each other. To admirers of British rule, generally, it seemed that the fault lay with certain inherent weaknesses in Indian society. The influence of an “enervating climate,” the heritage of “oriental despotism” and… 

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