• SURYAKANT NATH

Abstract: With the death of Mahatma Gandhi on 30 January 1948, the Gandhian era ended and the Nehru era commenced. His uninterrupted rule of seventeen years led many to believe in Nehru’s dream of a modern and just India. But at the end of his tenure many were disappointed as the economic path he adopted led to a dead end. Instead of creating socialism, he had created statism. The chief problem was our agriculture, which remained stagnant. And one cannot have an industrial revolution without an agricultural surplus or the means to feed a rapidly growing urban population. After we won freedom, Nehru and his planners attempted industrial revolution through the agency of the state. They did not trust private entrepreneurs, so they made the state the entrepreneur. Not surprisingly, they failed. In a complex and unequal society some degree of state regulation is a must. Of course, the degree will always be debatable. His neglect of primary education, his lack of interest in military matters, and his scepticism of political decentralization will always be reasons for questioning his method of governance. This paper attempts to study Nehruvian economics and how his policies and ideas influenced a newly emerging independent India.

Key Words: Democratic Socialism, Statism, Social Justice, institutional Reforms, Nationalization, Mixed Economy, equitable distribution, Agency of the state.

"Nehruvian Economics: Did it benefit Modern India?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.753-759, March-2019, Available :http://www.jetir.org/papers/JETIR1903M91.pdf

"Nehruvian Economics: Did it benefit Modern India?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp753-759, March-2019, Available at : http://www.jetir.org/papers/JETIR1903M91.pdf