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प्रश्न
“Indian policy makers made a mistake by emphasising the role of state in the economy. India could have developed much better if private sector was allowed a free play right from the beginning”. Give arguments for or against this proposition.
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उत्तर
No, the above statement is not perfectly true because state’s intervention was mandatory to regulate country’s economy
after independence immediately. Indian did not follow either capitalist model of development or socialist model completely. Instead she adopted the model of‘mixed economy’ to be criticised from the right and the left:
(i) Private sector lacked enough space and stimulus to grow.
(ii) Licensing and permits for investment in private sector created hurdles for private capital accumulation.
(iii) The state control beyond the limits led to inefficiency and corruption.
State control was emphasised :-
1. State helped the private sector to make profits by intervening only in those areas where the private sector was not prepared to go.
2. Instead of helping the poor, the states intervention ended up creating a new class that enjoyed the privileges of higher salaries without much account-ability.
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संबंधित प्रश्न
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Read the following paragraph and answer according.
NITI Aayog or National Institution for Transforming India Aayog is basically a policy think tank of Government of India and State Governments that replaces the 65-year old Planning Commission.
The Union Government of India had announced formation of NITI Aayog on 1st January, 2015. The body is composed of a CEO and a Vice Chairperson, to be appointed by the Prime Minister, in addition to some full-time members and two part-time members, while four Union Ministers would serve as ex-officio members.
Besides, there would be specific regional councils, while experts and specialists from various fields would be called as special invitees nominated by the Prime Ministers.
NITI Aayog will serve as a “think tank” of the government as a “directional and policy dynamo” and would provide both to the governments at the centre and in the states with strategic and technical advice on key policy matters including economic issues of national and international importance.
NITI Aayog will have regional councils to focus on developmental activities on specific areas and is patterned on the National Reforms Development Commission of China.
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