Nehruvian Economics Revisited: National Security vs. Free Trade Debate
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Nehruvian Economics Revisited: National Security vs. Free Trade Debate

The article discusses the resurgence of 'Nehruvian economics,' emphasizing national security and self-sufficiency over purely free trade. It draws parallels between India's current 'Atmanirbhar Bharat' initiatives, PLI schemes, and focus on domestic production with historical protectionist ideas from figures like Alexander Hamilton and India's first Prime Minister, Jawaharlal Nehru. The piece questions whether prioritizing cheapest prices is always optimal, suggesting that national security and the ability to produce critical hardware, like military components, are paramount. It also touches upon Nehru's focus on heavy industries and human capital development through institutions like the IITs.

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