Thursday, July 07, 2005
Go back to go forward
Ila Patnaik writes in the Indian Express:
The agenda for economic reforms in India today consists of turning the clock back to 1969. Economic policy of the 1969-1976 period consisted of enormous powers being usurped by the state. From 1969, Indira Gandhi turned left seeking political support, and India witnessed an unprecedented increase in control raj. Economic enterprise and private initiative were sharply restricted. Most of the policies of the period are still with us.Read the full piece. It emphasises that it was during the Indira Gandhi years that the government stripped the people of economic freedoms, and that we need to undo the damage Indira caused before we can move forward.