Thursday, September 10, 2009

Independent India’s Economic Policy

How economic policies were made and at what basis both in terms of political and economics sense?

Shiv Visvanathan says:

  • “Nehru was apt as our first PM, patriarch of a dynasty that has ruled India with almost absent minded confidence.
  • The political mindset of the Congress was so absent-minded it did not notice the appropriation.

Almost all have said now that the Nehru economic policy was arbitrary, flawed and had has no commonsense in a holistic way. He was failed to understand what Professor B R Shenoy and Professor Milton Friedman was talking about. The result is we are facing, let’s face for another half century!

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