Soon after independence the nascent Indian nation adopted semi-socialistic (state controlled) mix-economic system for the reconstruction of its economy with justice as its main objective. It worked well for 43 years (1947-90) and a lot of wealth and employment opportunities were created which of course could not percolate to the bottom rung of the Indian society due to political and bureaucratic corruption. The ruling elites both Congress as well as BJP, votary of Swadesi replaced the existing Nehruvian economic system with the capitalistic new economic system so called liberalisation, privatisation and globalisation and opened its economy and its market to the foreign players, the Multinational Corporations (MNCs) under the pressure of World Bank, IMF and WTO, the tentacles of the Developed Countries (G-7) without laying down proper guidelines and conditions. The new economic system lack social justice. Thus Indian economy is already under invasion by the Capitalistic west, which has accelerated not only poverty, hunger, unemployment and debt but also crisis of confidence in our polity and the bureaucratic system. The present book focuses on the merits and demerits of old and this new economic reform policy and its fallout. It also suggest ways and means to came out of present crisis without tremoring national unity and integrity.
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