Capitalism good or bad for india

In the late 19th century, the control and direction of large areas of industry came into the hands of financiers. This period has been defined as "finance capitalism," characterized by the subordination of processes of production to the accumulation of money profits in a financial system Major characteristics of capitalism in this period included the establishment of large industrial cartels or monopolies; the ownership and management of industry by financiers divorced from the production process; and the development of a complex system of banking, an equity market, and corporate holdings of capital through stock ownership Increasingly, large industries and land became the subject of profit and loss by financial speculators.
Late 19th and early 20th century capitalism has also been described as an era of "monopoly capitalism," marked by movement from laissez-faire ideology and government policies to the concentration of capital into large monopolistic or oligopolistic holdings by banks and financiers, and characterized by the growth of large corporations and a division of labor separating shareholders, owners, and managers.[24] Although the concept of monopoly capitalism originated among Marxists theorists[25], non-Marxist economic historians have also commented on the rise of monopolies and trusts in the period. Murray Rothbard, asserting that the large cartels of the late 19th century could not arise on the free market, argued that the "state monopoly capitalism" of the period was the result of interventionist policies adopted by governments, such as tariffs, quotas, licenses, and partnership between state and big business. By the last quarter of the 19th century, the emergence of large industrial trusts had provoked legislation in the U.S. to reduce the monopolistic tendencies of the period. Gradually, the U.S. federal government played a larger and larger role in passing antitrust laws and regulation of industrial standards for key industries of special public concern. However, some economic historians believe these new laws were in fact designed to aid large corporations at the expense of smaller competitors.[27] By the end of the 19th century, economic depressions and boom and bust business cycles had become a recurring problem. In particular, the Long Depression of the 1870s and 1880s and the Great Depression of the 1930s affected almost the entire capitalist world, and generated discussion about capitalism’s long-term survival prospects. During the 1930s, Marxist commentators often posited the possibility of capitalism's decline or demise, often in alleged contrast to the ability of the Soviet Union to avoid suffering the effects of the global depression.
Now india is in transitory phase and all the glliters of new found status of software hub but growth is very uneven just go 20Km from any matro and see the real picture of india.
how we can say we are growing when we can not provide basic amenities to 70% of the population and is it not a irony indeed that white goods where big corporate houses are making money is geting cheaper and cheaper but pulses and eating items are souring up..why..
production of agricultural good are geting down and software market is going high...
can any one tell me is there any software program available to make our farmers rich.
if we do not learn from history then we wil face a economic depression again.