Economic Philosophy Of Jawaharlal Nehru

Jawaharlal Nehru (1889-1964) was one of the leading international citizens of the world in the twentieth century. This great statesman, undaunted by the grim sight of new-born crises like the truncated India consequent upon the Partition and the attendant tribulations, experimented with the planning mechanism within the democratic frame so as to fulfill the high hopes and aspirations of the 360 million Indian people. His economic policy, often christened as Nehruvian economic policy, was nothing but state-directed development and central planning in a mixed economy frame. The Nehruvian legacy continued till mid-1991 when market-led development was given a warm welcome by the then guardians of the Indian Economy. Nehru's economic policy is now judged in the light of the present state of development. Revaluation of economic philosophy of Jawaharlal Nehru is now the subject of study.