Thursday, July 29, 2010

LPG was not abrupt!!

I used to think that the history of Indian economy can be split into two. One before LPG and one after that. Well today morning I stumbled on a note describing how the license raj was challenged even in the later 1950s. There was a committee headed by .....that declared that license raj benefited only the big industrial houses and stifled economy. The liberalisation had started even before that...

need to complete

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