Links to read

This election season has brought out some good journalism and insights. I am attempting to gather some interesting links here.

KP Nayar writes on JN Dixit, Natwar Singh and the disastrous foreign policy that we had in the last ten years. Singh came into office with a one-point agenda: to undo everything the Vajpayee government did before.

Prof. R Vaidyanathan (Finance, IIM Bangalore) writes on the competing economic models that we could have chosen: Rajaji vs. Mahalanobis. In the event the Bengali faction won as it was supported by Nehru and we went down the Soviet path. With the model imploding in 1991 and the Soviet Union itself collapsing, we need to revisit the model choice. The opportunity in 2009 was the nearest we got to cementing the change in the recent past. Had Manmohan Singh got his choice for Finance Minister (C Rangarajan), we would not have had to suffer the exploding deficit, inflation, currency weakness and financial instability of the last five years.

 

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