Thursday, July 21, 2011

Unleash it further India’s economic reforms

Paul Johnson has great article wherein he says:
  • India. Having clung to democratic institutions and the rule of law, India offers a better role model, albeit a corrupt and confusing one. After gaining independence in 1947, India also missed an entire generation of growth. Gandhi and his followers wanted a primitive handcraft society. Nehru and his family dynasty practiced a form of socialism invented by Harold Laski at the London School of Economics in the dismal 1930s. Not until these twin formulae for perpetual poverty were shaken off during the last quarter of the 20th century did India begin to unleash its people's natural energies and thrive accordingly. Since then much has been achieved.

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