Non-Gandhi Family Leaders - The Real Growth War Horses

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I should consider myself fortunate to witness the transformation of the Indian economy from being supply-determined to demand-driven due to adoption of a market economy ... 

The supply-determined economy was arduous ... my father wanted to a have a scooter, a house and telephone ... he had money to pay for them, but couldn't buy ... thanks to the Nehruvian socialism, which was the baby of the dynasty rule ... that stalled everything from purchasing due to the draconian "License Raj" ...

Years later, Infosys Founding member NR Narayana Murthy said in an interview of how he faced hardships under Nehruvian socialism while building an IT services company ...

He said he visited Delhi 25 times to get a permit to import the type of computer he needed to meet the needs of the contract for software he had obtained ...

This rough weather has passed by ... things have changed. 

I believe in RBI Governor Raghuram Rajan’s "in the land of the blind, the one-eyed man is king" remark. 

Yes, Indian economy is on a strong wicket amidst a global downturn ...

How this change take place? ... who were the people who did it?

Let's find out ...

The bold decision to do away with Nehruvian model economy and adopt free-market structure was taken by a non-Gandhi family Congress leader P V Narasimha Rao and economist Finance Minister Manmohan, despite the then govt enjoyed a wafer thin majority in Parliament ...

After them, AB Vajpayee shipped India's market economy to safer zone and transformed the face of India, during his tenure as the PM from 1998 ...

The first real thrust for market economy came from Vajpayee govt. It brought about telecom reforms, consistently pursued disinvestment drive,  introduced low fare pvt airline services, opened avenues for cable TV channels ...

It also fattened the foreign exchange reserve by $300 billion, created new jobs in IT sector, boosted oil refining, trade, telecom, tourism and travel, ATM banking, e-governance, the construction boom businesses among others ...

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And by the time, Vajpayee completed his tenure as PM, India's growth rate climbed to 8 per cent plus from 2.5 per cent when he assumed the saddle from Congress rule ...

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Surely, the first phase of the market thrust to Indian economy came from BJP-led govt ....

The second phase of thrust to the economy is coming from yet another BJP-led govt with Modi as PM ...

He has driven the market economy through a series of reforms like national market for agriculture products, the proposed GST, extensive e-governance, the Digital India framework ...

Also reforms like enervating the railways network with high speed trains, exclusive freight corridors, support to start-ups and entrepreneurs, the big push to manufacturing through the Make in India programme ... the list is long ...

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