Unlike Mahatma Gandhi, who supported an agrarian economy, after India's independence in 1947, its first prime minister, Jawaharlal Nehru, promoted industrialization. However, he supported government- controlled development, and the bureaucracy that developed stifled innovation. The authors of Commanding Heights sarcastically claim that the British Raj was replaced by a "Permit Raj". Bribery and delays became commonplace in the Indian economy, while at the same time, many prominent economists studied the country and attempted to "fine tune" its central planning.
By the 1990s, the Indian government, mainly due to the influence of finance minister(now Prime Minister) Manmohan Singh, began to relax these stringent regulations, and the Indian economy bloomed under the effects of exports and outsourcing. Political parties since this period have continued to promote these changes; even after the election of a traditionally Marxist government, the free marketer Singh was appointed prime minister.
Commanding Heights: The Battle for the World Economy
Video: Permit Raj
Comments: Can Dr Manmohan Singh rope in the bureaucracy to fight corruption and eliminate the "Permit Raj" attitude and complete his envisioned task?
Monday, May 5, 2008
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Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
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