The Swatantra Party wants the removal of the permit-licence-quota raj, which sits heavily over all national production and trade, Rajagopalachari wrote in 1963.
Undoing the consequences of political meddling and restoring faith in a central bank – and the country’s currency – often requires a lot of short-term pain.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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