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India’s first Prime Minister, Jawaharlal Nehru, makes a speech during the opening of the Bhakra dam in Himachal Pradesh in 1963. (Photo: Bettmann Archives)
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A short history of Indian economy 1947-2019: Tryst with destiny & other stories
By www.livemint.com/, 14 Aug. 2019

INDIAN ECONOMY IN REVIEW:-

 

An ancient land has a new beginning as a country facing monumental tasks.

 

India’s economic model: the state’s primacy over individual enterprise.

 

The very first budget, and the defense of fiscal federalism.

 

Planning, commissioning, executing the program to hasten growth.

 

The?free-market?proponent?who?cried wolf on policy—but was proved right.

 

The man who gave India modern statistics and the swadeshi spirit.

 

After throwing off the yoke of the British Raj, the license Raj begins.

 

Bad stock and the story of India’s first big financial scam.

 

From Bhakra-Nangal to Bhilai, the temples of a modern India.

 

The onset of economic troubles and the death of a nation builder.

 

It took a war hero to rethink the direction of India’s policymaking.

 

After the Green Revolution, the shift towards an Evergreen Revolution.

 

Getting the bread and butter of the dairy business right.

 

A shaky economy forces annual plans in place of the five-year plan.

 

The state’s takeover of banks opens a new account.

 

The effect of making political gains from economic moves.

 

Indira Gandhi’s move on the rupee and the effect it had on Gulf nations.

 

The Janata years: Demonetization 1.0 and the exit of Coca-Cola.

 

Indira Gandhi returns, this time with a reformist bent of mind.

 

Amartya Sen: new measures for problems of inequity, welfare.

 

In son rise, Rajiv Gandhi takes the mantle and raises hopes.

 

A small car that drove the rise of a new middle class and consumption.

 

Hostile takeovers meet their match in connected families.

 

Bhopal: the danger and reality of large industrial accidents.

 

The fiscal deficit as a permanent feature on India’s economic map.

 

The economist with policy ideas ahead of their time.

 

The golden moment that brought down the last pillars of socialist India.

 

A two-step, two-day operation to lower the value of the rupee.

 

Reformist returns as a champion of redistributive economics.

 

Of bulls, bears and market watchdogs: A cautionary tale.

 

Clubbing together for a fight that didn’t really happen.

 

Sowing the seeds for the nation’s economic growth surge.

 

Circumventing the sell-by date of public sector enterprises.

 

The bellwether as the weather vane for the state of the economy.

 

When the world became Indian companies’ corporate oyster.

 

R.H. Patil, the man who tamed the wolves of Dalal Street.

 

The overnight note-ban on an unsuspecting nation.

 

Going down: the planned demolition of a long-condemned institution.

 

Bringing in a code of conduct to help provide for sick promoters.

 

The blanket tax regime that made India one country, one market.

 

A country beginning to consider startups as a new business model.