Abstract
We identify a basic dualism between capitalist and noncapitalist spaces within the vast informal sector in India, and show that this dualism has been reproduced and reinforced during the past decade of high economic growth. This calls into question the idea of capitalist transition that informs much of the discourse on economic development. We provide some preliminary arguments about the nature of this dualism and the process of reproduction of the noncapitalist economic space. JEL Classifications: O14, O17, J46
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