t.com www.GOALias.blogspot.com www.GOALias.blogspot.com

www.GOALias.blogspot.com56 Politics in India since Independencehad lot of social and political power. Besides, they also argue thateven if the government had spent more money on agriculture it wouldnot have solved the massive problem of rural poverty.Public versus private sectornot accept the capitalist model of development in which developmentwas left entirely to the private sector, nor did it follow the socialistmodel in which private property was abolished and all the productionwas controlled by the state. Elements from both these models weretaken and mixed together in India. That is why it was described as‘mixed economy’. Much of the agriculture, trade and industry were leftin private hands. The state controlled key heavy industries, providedindustrial infrastructure, regulated trade and made some crucialinterventions in agriculture.A mixed model like this was open to criticism from both the leftand the right. Critics argued that the planners refused to providethe private sector with enough space and the stimulus to grow.The enlarged public sector produced powerful vested interests thatCredit: ShankarAstride the PublicSector are CentralMinisters Lal BahadurShastri, Ajit PrasadJain, Kailash NathKatju, Jagjivan Ram,T. T. Krishnamachari,Swaran Singh,Gulzari Lal Nanda andB. K. Keskar