.........The authors depict the historical evolution of Indian macro-economic policy framework ranging from Jawaharlal Nehru’s affection for socialistic ideas to the active implementation of nationalisation policies under Indira Gandhi regime to present post-liberalisation era to the future possibilities of enhancing the pace of economic progress with enhanced reform measures. They also delineate how these restrictive policies ended up in reduced growth rate to abysmal levels and increased the social inequality.................
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