Ambedkar's diagnosis, Nehru's treatment

Nehru's fascination with western economic ideas has cost us a lot

Last month I had written of an Indian economist who, exactly 99 years ago, wrote of the problem of unemployment, under-employment and low productivity in the Indian economy. He was called Bhimrao Ambedkar. He became Dr Ambedkar only after he got his doctorate nine years later, upon which he gave up economics. 

Now, almost a century later, India still has exactly the same problems. And when you peel the onion to its core, the reason is — dare I say it — Nehru’s fascination with western economic ideas. That fascination has cost us a lot.

What’s worse, we are not going to