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The Wasted Decades 1947 to 1991

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How poor leadership, lack of vision, flawed ideology, crony capitalism, rampant corruption, and dynastic succession kept India backward and poor
Specifications
Publisher: GARUDA PRAKASHAN PVT. LTD.
Author Aarnab Mitra
Language: English
Pages: 280
Cover: PAPERBACK
8.5x5.5 inch
Weight 310 gm
Edition: 2025
ISBN: 9788199438644
HCH170
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Book Description
About the Book
Between 1947 and 1991, as Japan went from a war-devastated country to the world's second-largest economy, and East and Southeast Asian countries climbed into the ranks of upper middle-income countries, India, which had Asia's only working steel plants, aircraft factory, and industrial base in 1947, continued to wallow as a Third World country that lived from "Ship to Mouth" for much of this period and went around the world with a begging bowl. Indians today deserve answers to know why. Why did India have the world's largest number of illiterate people in 1991 (the end of the period under review in this book)? Why did the backlog of unemployment keep rising at the end of every Plan period? Why did India need to survive on PL480 wheat shipments from the US till the late 1960s? Why were there shortages of and a black market in almost every item till 1991? Why was India on the brink of bankruptcy in 1991? Where did we go wrong? Of the 44 years between 1947 and 1991, the Nehru family ruled India directly for 38 years (Nehru 17 years + Indira Gandhi 16 years + Rajiv Gandhi 5 years). And Nehruvian policies were followed throughout that period. Who, then, should we hold responsible for India falling behind its Asian peers in the development race?

About the Author
An alumnus of Columbia Business School, Aarnab Mitra did his schooling and college at St Xavier's, Kolkata. He is a senior Journalist and has been National Editor and National Business Editor of Hindustan Times, Deputy Editor of Business Today, and Joint News Editor of The Economic Times. He has also worked for The Telegraph and The Asian Age in Kolkata. In addition to this, Mitra has worked in the corporate sector in Norwegian multinational Statkraft's India country office in a senior role. Mitra lives in Gurgaon (Haryana) with his wife, daughter, mother and two dogs. He has self-published a novel, The Dwarf's Moon, and has written/ghost written the autobiographies of well-known corporate personalities such as Dr U.S. Awasthi of IFFCO, among several others. He has also ghostwritten a book on wealth management by a well-known wealth manager and authored a coffee table book on behalf of the GMR Group on its new Goa airport at Mopa.

Preface
grew up in a staunchly Congress family. Our ties with the I party go back to before Independence when my maternal grandfather, late Bidhu Bhushan Sarkar, was an influential councillor in the Calcutta Municipal Corporation in the 1920s; he retained his seat till after Independence. Back then, this was among the few elected positions open to Indians. He was a close colleague of stalwart leaders like Subhash Chandra Bose, Dr Bidhan Chandra Roy, and Shyama Prasad Mukherjee. A few years after his death, one of my maternal uncles, late Pradip Kumar Sarkar, was elected Congress councillor from what came to be considered the family's pocket borough. He was re-elected councillor for several terms till that constituency became a reserved one-except during the phase when elections to CMC were suspended for a long time. Another uncle reached greater heights and became a prominent minister in the Siddhartha Shankar Ray government from 1972 until 1977. In 1998, my family's political allegiance shifted to the Trinamool Congress, which emerged as the primary vehicle to take on the CPI(M)-led Left Front. My maternal uncle also unsuccessfully contested the 1977 election to the West Bengal Assembly from Manicktala and the 1980 Lok Sabha polls from Contai as a Congress (I) candidate. From his campaign material, I "stole" an Indira Gandhi poster, in which she looked radiant and regal in a cream saree with a saffron-red border.

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