Abstract

ABSTRACT Wealth in India is concentrated amongst a few privileged social groups in urban areas. What is the relationship between wealth, caste, and elite action? I have selected Agarwals, a business caste in Delhi that belongs to the vernacular category baniya, for this case study. By drawing on in-depth interviews and ethnographic observations made over four years, I show that the mercantile claim to political power is economic, moral, and symbolic. This paper broadens the sociological understanding of the wealth and power of the elite by showing how upper-caste identitarianism is undertaken.

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