Economic vision

In the name of Nehru

Print edition : December 12, 2014

Congress president Sonia Gandhi, party vice-president Rahul Gandhi and former Prime Minister Manmohan Singh at the celebrations in New Delhi on November 14, Nehru's 125th birth anniversary. Unable or unwilling to revive the Nehruvian agenda, the Congress, from the 1990s, looked for softer options of relying on and leveraging foreign capital. Photo: Rajeev Bhatt

July 22, 1969: Rickshaw pullers call on Prime Minister Indira Gandhi in New Delhi to congratulate her on the nationalisation of banks. In an effort to curb the power of domestic and foreign capital, her government also adopted noteworthy measures such as the passage of Monopolies and Restrictive Trade Practices Act. Photo: The Hindu Archives

1954: Nehru addressing the 22nd annual session of the Federation of Chambers of Commerce and Industry in New Delhi. Photo: The Hindu Archives

October 6, 1955: Nehru at the state-owned Indian Telephone Industries in Bangalore. Under him, India invested much in creating an indigenous scientific and technological foundation. Photo: The HINDU ARCHIVES

Nehru, Indira Gandhi and Rajiv and Sanjay Gandhi in this undated family picture. The current leadership of the Congress remains in that position not because it has mobilised mass support through activism but because it constantly highlights its Nehruvian lineage. Photo: THE HINDU ARCHIVES

The Congress, which is using the Nehruvian tradition to win political legitimacy, has rejected the essentials of the Nehruvian economic trajectory which was premised on the idea of winning economic independence from foreign capital.
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