IGNOU MHI 107 2026 2027 - Emergence of Indian Capitalist class as a Class itself

Question

Emergence of Indian Capitalist class as a Class itself

02 Jul 2026

Answer :

Word Count : 275

The emergence of the Indian capitalist class as a class in itself was a significant development during the colonial and post-colonial period. The growth of this class was closely linked with the expansion of colonial trade, modern industries, banking, and commercial activities in India. During the eighteenth and nineteenth centuries, certain merchant communities accumulated wealth through trade, money

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