Globalised Monopoly Capitalism and Indian Society

Indian capitalism in the twenty-first century seems to be succeeding in establishing its hegemony, not only over subordinate labouring classes, but also over the inherited pre-capitalist, feudal land ownership strata of society, and in its ongoing effort to integrate the whole society and every state. The capitalist classes have made full use of the Indian state power, especially after independence from the British colonial rulers. The central fact about the spread of Indian capitalism, both horizontally and vertically, is that it has achieved its present monopolistic state because of its deep harmony and control over the state. The Indian state has been the facilitator of the ongoing and unstoppable march of Indian capitalism.