Book contents
- Rethinking Markets in Modern India
- Rethinking Markets in Modern India
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 Markets in Modern India: Embedded, Contested, Pliable
- 2 Banking in the Bazaar: The Nattukottai Chettiars
- 3 Space in Motion: An Uneven Narrative of Urban Private Property in Bombay
- 4 Magic of Business: Occult Forces in the Bazaar Economy
- 5 Vernacular Capitalism, Advertising, and the Bazaar in Early Twentieth-Century Western India
- 6 The Artifice of Trust: Reputational and Procedural Registers of Trust in North Indian “Informal” Finance
- 7 Mandi Acts and Market Lore: Regulatory Life in India’s Agricultural Markets
- 8 The Market and the Sovereign: Politics, Performance, and Impasses of Cross-LOC Trade
- 9 Brandism vs. Bazaarism: Mediating Divinity in Banaras
- 10 Black Money in India: Fighting Specters and Fostering Relations
- 11 Market Making in Punjab Lotteries: Regulation and Mutual Dependence
- 12 Liquid Assets: Transactional Grammars of Alcohol in Jharkhand
- 13 Building on Sand? Criminal Markets and Politics in Tamil Nadu
- Index
- References
11 - Market Making in Punjab Lotteries: Regulation and Mutual Dependence
Published online by Cambridge University Press: 24 September 2020
Book contents
- Rethinking Markets in Modern India
- Rethinking Markets in Modern India
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 Markets in Modern India: Embedded, Contested, Pliable
- 2 Banking in the Bazaar: The Nattukottai Chettiars
- 3 Space in Motion: An Uneven Narrative of Urban Private Property in Bombay
- 4 Magic of Business: Occult Forces in the Bazaar Economy
- 5 Vernacular Capitalism, Advertising, and the Bazaar in Early Twentieth-Century Western India
- 6 The Artifice of Trust: Reputational and Procedural Registers of Trust in North Indian “Informal” Finance
- 7 Mandi Acts and Market Lore: Regulatory Life in India’s Agricultural Markets
- 8 The Market and the Sovereign: Politics, Performance, and Impasses of Cross-LOC Trade
- 9 Brandism vs. Bazaarism: Mediating Divinity in Banaras
- 10 Black Money in India: Fighting Specters and Fostering Relations
- 11 Market Making in Punjab Lotteries: Regulation and Mutual Dependence
- 12 Liquid Assets: Transactional Grammars of Alcohol in Jharkhand
- 13 Building on Sand? Criminal Markets and Politics in Tamil Nadu
- Index
- References
Summary
This chapter focuses on lotteries in the Indian state of Punjab to examine how regulation can shape markets in India. The legal market for lotteries in Punjab is subject to the varying regulatory practices of several Indian states, the central government, a consortium of lottery corporations, and police. The increasing regulation of the lottery market in India since the late 1960s is not a straightforward modernization story of the incorporation of unregulated economic activities into regulated arrangements. In Punjab, efforts to increase the regulation of lotteries fostered the growth of new, less regulated activities, including outright illegal ones. The market for lotteries in Punjab shows how regulation can significantly format even activities that escape one or another component of its regulatory apparatus. The chapter argues that some markets are more insightfully analyzed in terms of degrees of regulation rather than the conceptual binaries of formal/informal or legal/illegal.
- Type
- Chapter
- Information
- Rethinking Markets in Modern IndiaEmbedded Exchange and Contested Jurisdiction, pp. 294 - 321Publisher: Cambridge University PressPrint publication year: 2020
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