The Networked Media Economy and the Indian Gilded Age

Fitzgerald, Scott

doi:10.1007/978-3-030-44563-8_3

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Access Status

Open access

Authors

Fitzgerald, Scott

Date

2020

Type

Book Chapter

Metadata

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Source Title

Platform Capitalism in India

DOI

10.1007/978-3-030-44563-8_3

Faculty

Faculty of Business and Law

School

School of Management and Marketing

Remarks

This is an Accepted Manuscript of a book chapter published by Springer in Platform Capitalism in India on 25 September 2020, available online: https://doi.org/10.1007/978-3-030-44563-8_3

URI

http://hdl.handle.net/20.500.11937/87649

Collection

Curtin Research Publications

Abstract

This chapter examines how the rapid growth of the networked media economy has become aligned with the broader development of digital platforms in India. Given debates over new forms of economic dependency arising from the power of digital platforms, the chapter critically explores a Braudelian model of global capitalism in the context of the specific state-capital relationships that have fostered an ‘Indian Gilded Age’. It analyses the development of Jio Platforms, India’s largest telecommunications firm and a subsidiary of Reliance Industries Limited (RIL), which is owned and controlled by the country’s wealthiest individual, Mukesh Ambani.