RESET: Regaining India’s Economic Legacy

by Subramanian Swamy

Now is the time for a structural overhaul to purge the remnants of the command economy, and usher in an incentive-driven, innovation-structured and market-determined competitive economy.

Finally, our growth strategy must minimize the gap between public- and private-sector performance. This calls for efficient, transparent and accountable state governance, which will require developing rational risk-taking and merit-rewarding governance.

This attitude of the colonial government towards Punjab is one of the most important reasons for the state becoming agriculturally better off than the rest of the country by the mid-twentieth century.