Nehruvian model did not help India develop: Arun Jaitley

Arun Jaitley said that the Nehruvian model of development was the reason why India couldn't develop. He said the same model didn't alloe the country to get up to a growth rate of even 1 percent in those early decades.

Updated: Aug 20, 2016, 17:28 PM IST
Nehruvian model did not help India develop: Arun Jaitley

Zee Media Bureau

New Delhi: Speaking at a discussion on Goods and Services Tax regime in Mumbai, Finance Minister Arun Jaitley said that the Nehruvian model of development was the reason why India couldn't develop. He said the same model didn't allow the country to get up to a growth rate of even 1 percent in those early decades.

"The Nehruvian model did not help development. Less than 1% of the population had a phone. Other countries were developing, India wasn't, that was the model of development we were following, and there are some people who actually praise that model," the finance minister said.

Not only that he also added that the former PM PV Narasimha Rao wasn't that big an economic messiah as made out to be and all the liberalisation reforms made in the economy were out of compulsion.