India Unbound

Manzoor Khan does a succinct review of Gurcharandas’ India Unbound:

If India was dismal, economically, under Pt. Nehru, then under Indira Gandhi, it was further wretched, with all manner of draconian controls being imposed on Indian industry. License Raj wouldn’t let companies expand or produce over a government-specified limit. Pricing was controlled. MRTP and FERA made business houses bleed. With no foreign competition, Indian companies cared minimally for the quality of their products or services. PSUs enjoyed monopoly in their sectors… Das pictures this era very intensely; perhaps he experienced it most intimately as the head of P&G in India.

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