The fall of Mughal imperial power and the rise of new regional powers along with the entry of Europeans as economic and political power in the eighteenth century heralded a new phase in the history of India. In this book, it is argued that economy suffered, feudal institutions continued, and therefore, the State could neither undergo rapid economic changes nor progress as a modern State. The prevalence of feudal institutions, land concentration, social inequalities and exploitation had a transformation and they were primarily responsible for its backwardness. The study reveals that ‘extra-economic compulsion’, and failure of the State to transform itself and the State developed unevenly.
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