POLITICAL ECONOMY OF INDIA
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Author: Bijoyini Mohanty ,S. C. Hazary
1997, APH Publishing Corporation, Ansari Road, Daryaganja, New Delhi
ISBN 81-7024-824-7
One cannot aim at killing two birds at a time though in extraordinary situations one may see two birds killed by a single stone with very accurate aim at one bird. The introduction of New Economic Policy had come as a reflex action at an emergency of unprecedented economic crisis. Of course, such a situation after forty years of independence speaks ill of the policy we followed, the restrictions we had imposed and the clutches of socialism that stirred our obsessive thought, plan and actions.
India has a bad economic history, maybe due to its myopic planners, frequent indecision and the external influences. Rapid changes taking place in world economy and internationalization of economic affairs are quite disproportionate in comparison to the events of politics and development. Thus NEP that India has followed has the strong basis of a specialized capitalistic manoeuvre where search for social justice will be a ridicule by itself. On the other hand, target oriented success out of NEP may result in some economic growth that will trickle down to all sections of the society. On its failure, there may come the intensive measures for State’s action for social justice.
The present volume is a collection of analytical thought over India’s political economy, its past and present with future projections.