ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PLANNING-Building on Sand

ECONOMIC AND POLITICAL WEECKLY patronage and break stagnation in economic activity. There seems to be general agreement that the role of public sector in the growth process is in any case being trimmed with the government leadership fully disenchanted with its performance and ability to perform and occupy the commanding heights. But doubts still remain that the present regime will go liberal all the way and to the extent it is necessary for private entrepreneurship to have full play to achieve worthwhile results. That course will amount to the political authority clipping its own wings and accepting restraints on execrcise of arbitrary power in which it has high stakes. The tendency of the political authority is clearly in the opposite direction. It is also doubtful if Indian business interests have that quality of entrepreneurship which can deliver the goods. It will thus have to be an arrangement between the two sides which will be always uneasy and fragile and may at best be designed to achieve limited and short-term gains for both sides.

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