Union Finance Minister Nirmala Sitharaman, delivering the C.D. Deshmukh Lecture at NCAER, reflected on India's post-independence development journey. She praised the establishment of institutions such as ISRO, BARC, BHEL, and the IITs through international collaborations, while noting that slow infrastructure implementation, dependence on foreign powers for food and defence, and limited emphasis on exports constrained India's growth. She also stressed the need for adaptable policymaking, citing Friedrich Hayek's views on the limitations of long-term central planning.
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Sitharaman Highlights Lessons from India's Early Development Model
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