The year is 1955 and Jawaharlal Nehru’s tryst with destiny still inspires millions of Indians. Bollywood actor-producer Raj Kapoor is successfully peddling his quaint version of utopian socialism. Nehru is fired up and all set to pay homage to the ‘temples of modern India’. There is touching faith in the ability of the State to lift hundreds of millions of Indians from poverty and destitution. Faith, and hope are all pervasive.
The Union Finance Minister C. D. Deshmukh summons a group of select economists for a closed door meeting to discuss the strategy for India’s Second Five Year Plan. The meeting is attended by P. C. Mahalanobis, B. R. Shenoy and C. N. Vakil. Mahalanobis is the blue eyed boy of Nehru and skillfully plays with numbers to convince the Establishment that a strategy of massive State led industrialization is the answer to India’s teeming problems. Economists Shenoy and Vakil vehemently disagree with Mahalanobis. But then, who could Deny the blue eyed boy his place under the sun?
The Union Finance Minister C. D. Deshmukh summons a group of select economists for a closed door meeting to discuss the strategy for India’s Second Five Year Plan. The meeting is attended by P. C. Mahalanobis, B. R. Shenoy and C. N. Vakil. Mahalanobis is the blue eyed boy of Nehru and skillfully plays with numbers to convince the Establishment that a strategy of massive State led industrialization is the answer to India’s teeming problems. Economists Shenoy and Vakil vehemently disagree with Mahalanobis. But then, who could Deny the blue eyed boy his place under the sun?
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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