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Archive for the tag “Indira Gandhi”

India: In Search Of A Dream

WHEN India won independence 65 years ago, its leaders had a vision for the country’s future. In part, their dream was admirable and rare for Asia: liberal democracy. Thanks to them, Indians mostly enjoy the freedom to protest, speak up, vote, travel and pray however and wherever they want to; and those liberties have ensured that elected civilians, not generals, spies, religious leaders or self-selecting partymen, are in charge. If only their counterparts in China, Russia, Pakistan and beyond could say the same.

But the economic part of the vision was a failure. Mahatma Gandhi, leader of the independence movement, Jawaharlal Nehru, India’s first prime minister, and his daughter, Indira Gandhi, left the country with a reverence for poverty, a belief in self-reliance and an overweening state that together condemned the country to a dismal 3-4% increase in annual GDP—known as the “Hindu rate of growth”—for the best part of half a century.

Read Here – The Economist

How Sonia Gandhi Was Persuaded To Back India Reforms

It had been a brutal August for India’s Congress party: economic growth was wilting, the monsoon rains were failing and the opposition had it cornered on yet another corruption scandal. In stepped Sonia Gandhi to revive the morale of the ruling party’s lawmakers, exhorting them at a meeting to “stand up and fight, fight with a sense of purpose and fight aggressively”. It was a stunningly assertive speech from the normally temperate matriarch of a dynasty that has ruled India for most of its post-independence era. And yet few at the gathering were aware that just a week earlier she had performed an even more dramatic about-face, agreeing to a raft of economic reforms that would be unveiled on September 13 and 14.

Read Here – Reuters

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