Nehru-Indira socialist model placed India in precipitous decline relative to the world

How can we judge the performance of the Nehru-Indira socialist, mixed economy that prevailed from 1950 to 1979? This approach is also characterised as the "license quota permit (LPQ) raj." Jawaharlal Nehru was PM from 1947 till his death in May 1964, while Indira Gandhi was PM from January 1966 to March 1977. Thus father and daughter led the country for 25 of the 30 years.

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