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Showing posts from August, 2015

India’s Growth in Nehru Era

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The formation of  the planning commission in 1950 and the death in office of J.L Nehru in 1964 marks the Nehru era, which served as the base for growth that transformed a stagnant colonial enclave. Upon analysing data, we find formidable evidence not only of resurgent growth but also of a lasting transformation of a stagnant colonial enclave into an economy capable of sustained growth. However, in the public sphere, there is an unusual degree of interest in the Nehru era. Much of this is negative which is buoyed by the extraordinary current rates of growth of the Indian economy, so much so that Das and Srinivasan termed it as “wasted past”. Moreover, a positive charge for support comes from a more academic direction. The year of 1950  marks a watershed as far as economic growth is concerned. The post-colonial economic policy aimed to make a break from the immediate past. Looking at the relationship between public policy and economic growth in the Nehru era serves two purpos

Indian Economic Development Explaining the colonial rule from 1863-1945.

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It is very much clear that a general model of colonialism and underdevelopment cannot explain the variations in India’s growth trend during the colonial period from 1863 to 1947. However, there are three structural features that define the entire colonial period. Structural features which include the importance of natural resources and labour to economics growth and welfare . Land intensive agriculture, Labour -intensive handicrafts, and modern industry in natural resources, were the main livelihoods throughout this period and beyond. Global features which saw a more open Indian economy and the fact that India took part in the first globalisation of the 19th century, which saw a rapid integration of world economy in terms of commodity trade, capital flows, and labour migration. Due to the opening of Suez canal in 1867 India also witnessed the revolution in transport and communication, Railways and telegraph which were introduced in this phase. There were Colonial fea

Corruption, Is Corruption really bad?

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Introduction: Everybody thinks the World is a cesspool now. Corruption was a sensitive issue in the past, It is a sensitive issue now. Even today every parliamentary session new laws are lined up to curb  this menace, yet, it was never actually achieved, ever. Every time the bodies make some laws, The harbingers of corruption just change their way to something else. Earlier people who used to make a direct cash support now look for safer alternatives such as equities, bonds and what not. So, Is the present Aam Aadmi Party successful with their new Corruption helpline number. If we look at the statistics, then after pouring crores of public money they are just able to highlight only 30 officers who can be called as corrupt. But, the civilians out there know that there are more of them. Even if there were only 30 corrupt officials they why did not they just went there and caught them, at least it could have saved a lot of money of the tax payers . What does this suggest? Do th

The Coma

Somewhere between life and death there lies a place where nothing is wrong or right, everything is sensible and nonsensical at the same time. This work contrasts between what our life is now and what happens to it when we are in the coma. The Coma Between the life and death, There lies a place, Where no one wants to go, But, I will be the one venture, Like an expedition of knowing self, Whom you have not known in your whole life, Do not fear what they say When you lie, in a coma . You may not recall who you are, You can be a no one, You can live your life there, but alas, you can’t. How is it like being there? Where there is no truth or lie, Maybe not hope, only you. Where there is no life or death, Where there are only you with hope, What is right and wrong, Where with your consciousness, And reasoning won’t help you decide, But you can decide there, Don’t fear when you look at some ugly creäture , No! You can’t and never will be, Because it’s not your worl