This article addresses the dynamics between three interrelated questions of agrarian transition in Punjab. The first concerns the role and nature of the state and the market mechanism for the transformation of traditional agriculture into its capitalist counterpart, by the development of the productive forces and changes in production structure. The second dwells on the impact of the state-driven capitalism on the production structure of agriculture and its contradictions. The third deals with the process of class formation and the precise nature of emerging classes in rural Punjab.
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