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Politics of Planned Development
It was because:
(i) Between 1950 and 1980 the Indian economy grew at a sluggish per annum rate of 3 to 3.5%.
(ii) There was inefficiency and corruption in some public sector enterprises.
(iii) The role of the bureaucracy was not so positive in economic development.
(iv) The public opinion in the country lost the faith it initially placed in these institutions.
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“In the early years of Independence, two contradictory tendencies were already well advanced inside the Congress party. On the one hand, the national party executive endorsed socialist principles of state ownership, regulat ion and control over key sectors of the economy in order to improve productivity and at the same time curb economic concentration. On the other hand, the national Congress government pursued liberal economic policies and incentives to private investment that was justified in terms of the sole criterion of achieving maximum increase in production. ” — Francine Frankel
(a) What is the contradiction that the author is talking about ? What would be the political implications of a contradiction like this ?
(b) If the author is correct, why is it that the Congress was pursuing this policy ? Was it related to the nature of the opposition parties ?
(c) Was there also a contradiction between the central leadership of the Congress party and its State level leaders ?
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