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

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Self-Reliance, Recent Economic Policies and Neo-Colonialism

Self-Reliance, Recent Economic Policies and Neo-Colonialism IN his 1992-93 budget speech, the finance minister underscored three points. First, he said that the recent economic policies of the government would help to promote self-reliance, growth and better employment opportunities in the longer run (though he did not spell out over what period these objectives would be attained). Second, he said that we would overcome all hurdles and difficulties to attain the ideals enshrined in the Constitution, and the dreams of Mahatma Gandhi, Jawaharlal Nehru, and other 'founding fathers' of the Indian republic Third he said these dreams, as well as the goal of self-reliance, can be attained only through the 'globalisation' of the Indian economy and its integration with the world economy. It is not clear how the second proposition fits in with the third, and how at all the first proposition is consistent with the second, but these points will be dealt with later.

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