View: Nehru's big economic policy mistake that has cost us dearly

While this intrusion of the public sector was surely a factor, it was not the real key to the failure. Instead, it was Nehru’s decision to frontload his development model with highly capital-intensive, heavy industry at a time when investable capital was highly scarce.

from Economy-News-Economic Times https://ift.tt/3iYdNqA
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