Nehru-Gandhian Economics

Nehru’s Soviet style Economy with their Five year Plans has not drawn positive praise from any sensible economist, they have been consistently criticized for India’s Poverty. This is true but one must look at the world from Nehru’s Perspective. In the 1950s two economic system seemed probable The American Free Market method and the Soviet state controlled economy. All leaders at that point in and outside the congress were against the Capitalistic approach. Leaders like Bhagat Singh were hardcore communists. India had not been invaded by Britain (East India Company) but by a company which was nationalized by the British government. The concept of Free enterprises or companies were abhorred by the Indian Public during that time. He made a decision which was both popular and seemed workable at that time.