An autonomous research institute under the Ministry of Finance

 

Seminar

How central planning came to India

Speaker

Kumar Anand, Free A Billion, Mumbai

Event date

शुक्र, 21 अक्टूबर

Venue

Ground Floor, Conference Hall, R&T building, NIPFP

Abstract

This session revisits independent India’s economic history, especially the first two decades. What were the policies that were implemented by the leaders of the time? What was the thinking and motivation behind some of these policies? Why is it that rapid industrialisation did not lead to a corresponding improvements in the general living standard of Indians? An answer to some of these questions are attempted, which contradicts the prevailing mainstream opinion on some of these matters. It is often believed that ideas of economic freedom and reforms are “not Indian” and have been imported from the ‘West’. However, research into modern Indian history showcases the rich indigenous liberal tradition that stood against ideas of a centrally planned economy. This session also briefly presents an overview of such a tradition, which remains largely overlooked or forgotten today.

Contact email

nipfp.seminar@nipfp.org.in