External Dimension of an Emerging Economy, India

Introduction

This is a volume dedicated in honour of Professor Sunanda Sen. The papers in this volume, with two exceptions (those by Utsa Patnaik and Arun Kumar, who were her colleagues at JNU) have been written by her students, whose ideas about the Indian economy – especially the external dimensions of the Indian economy – have been shaped by her interest in the topic.¹ India’s external dimensions – during both the colonial and the post-colonial periods – have remained the focus of Professor Sen’s research. Her work Colonies and Empire is still considered highly important for its analysis of the drain of resources from colonies such as India to the empire of Britain. In fact, in this work she departed to a great extent from the standard understanding ...