We made a choice at the dawn of our independence and Pandit Nehru's famous tryst with destiny under compulsions, where the national capital was not strong enough to shoulder the great responsibility of building the new born country.Thus mixed economy was thrust-ed upon us ,all core sector projects - which needed huge funds and long gestation ,were picked up by state capital and rest of the things were left for Indian business houses.
Thus the local capitalist flourished in connivance with state machinery which needed vast sums of money for funding electoral process every five years , so it was bound to result in creation of parallel economy for which mind boggling figures, now being around 1400 billion US Dollars.It seems we have successfully created black economy ,far too large for even the state to compete or control and the credit for building such a unique model must be given to our high entrepreneurial skills along with resourceful politicians.a few seconds ago .
The fate of a billion plus people of this country must not be left to market forces ,whose sole motif is profiteering ,the people of this country sure need a better life - at least a life which could be humanitarian if not dignified.So ,far we have seen the other side of the coin with a blurred vision and now it is getting imperative to mend the mess and to do it timely or we stand a chance of missing the global advantage at our doorsteps.The country's ills will worsen every day ,till we do not formulate a new economic ,social and political order and socialism has the answer to most of our curses .
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