Abstract
Widespread criticism and suspicion of the activities of businessmen have been a striking feature of public debate on economic and social affairs in India since 1947*. It has almost been a matter of habit with literate Indians to blame the commercial classes and the financial interests for the country's economic backwardness. In spite of the generous contribution of businessmen to the Congress Party funds, and the close association of Mahatma Gandhi with many prominent industrialists, the business community found itself under thick clouds of public hostility after independence.
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