Рет қаралды 7,050
In this class we start the discussion on our second reading of the course - Chapter 2 of Prof. Vijay Joshi's book - India's Road to prosperity. This chapter gives an overview of the political & economic narrative of India from 1947 till 2015.
We had, in the previous reading, discussed the period from 1950-1964 in detail. In this class we attempt to understand the dynamics of Indian political economy between 1965 to 1980. A period which saw 4 PMs - Mr. Lal Bahadur Shastri, Ms. Indira Gandhi, Mr. Murarji Desai & Mr. Charan Singh.
This period also witnesses a marked shift towards socialist pattern of society which ultimately led to poor economic performance & inefficiency in markets as reflected through raising ICOR.
We will complete our discussion on this period in the next session & talk more about the period of 1980s where we see a turnaround in our growth paradigm.
Happy Learning :)
Best Wishes
Siddharth