मराठी

“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”.

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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.

थोडक्यात उत्तर
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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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Introduction of Politics of Planned Development
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?

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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. 

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