The political system at the time of Industrialisation was the exports power on the nation’s growth, India expanded its largely driven domestic market and was hampered by state controls, and the loosening on those controls, let go “entrepreneurial and consumer boom”. After the independence from the British, the vision of India had change from emphasizing plans and policies and industrialisation. In the early years of the post-colonial India, this was the dominant theme, although the differences of the ideas stepped in as the role of the states from industrialization to redistribution. Secondly, during this time, the export of minerals had drastically increased which lead to a colonial patter of trade, and India exported minerals and imported manufactured goods, - lead to more immediate political consequences as the geographical locations of the mines were wide spread over the vast South Asian region with a land of 3.287 million km², as 2/5ths were independently governed by 560 small and large principalities, where some of these rulers had fought the “Great Rebellion”, with treaties of mutual co-operation.
England gradually intruded on India with the East India Company and successfully exerted full power over the land. Even though it provided India with valuable institutions such as the court system, railroads, the language, the British Rule/Raj made use full off the country economically through its conditions under which the land or buildings are held. After its Independence in 1947, the political shift from a single party state, the Congress (India’s national congress party), officially employed the new era of economic policy, which vastly helped to self-sufficiency. The political leaders of this time for this democratic structure of government; politically controlled by Jawaharlal Nehru, who was Mahatma Gandhi’s protégée, who became India’s first prime minister. The Industrial policy marked the date of 1948, the beginning of the evolution of political reforms taking place in India in search of a new leader, after its independence from the British Empire and East India company, India “aggressively pushed for a more liberal global trade regime, especially in services. It has assumed a leadership role among developing nations in global trade negotiations, and played a critical part in the Doha negotiations.” India’s economic state would be called as a “mixed economy” as Nehru had established a blend of democratic politics and central planning where the people have the right to vote. The nation’s pride for its changing economic reforms is enclosed by the statement “a second-rate Indian good is superior to a first-rate foreign product” – based on this statement, he established the state ownership as well as import-substitution, in order to achieve a better internal capacity for the nation. |