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Showing posts from August, 2007

Independent India of Sixty Years

India is now sixty years old after getting freedom. We were totally suppressed nearly for 1000 years staring from Mughal rulers to British. India was totally scared of external countries and had adopted popular swadeshi concept and encouraged local people to manufacture goods, grow crops and imposed heavy taxation for those who imported goods from foreign countries. This concept worked well till 70s and people were self sufficient. But we lacked quality good only because of technological backwardness. But in eighties License Raj started and people favoring government were only given licenses startup any production unit or to expand the same. This move was totally ridiculous and it cut down competition and monopoly began and ultimately common man suffered to the max. In early nineties India was totally bankrupt all money was with politicians, bureaucrats, government servants and others. India was not at all growing and this forced the FM of India in 1992 to open up the market and allow