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Tuesday, May 31, 2005
Tried and tested failures
The Indian Express writes:
The most depressing thing about leftist policy proposals is that they have been tried. Leftist ideas dominated Indian economics in the sixties, which gave us 3.5 per cent growth and poverty stagnation. India’s growth started accelerating and poverty began to decline only when the country began to deviate from leftist policy prescriptions. The UPA government must learn from India’s blunders. It must execute policies that benefit the poor, which are very different from socialist policies designed for the kulaks and the urban middle class.Mr Karat, of course, wouldn't agree.
