I have always wondered why this rate of growth and economic reforms process is dated to Manmohan Singh. Because actually it should be dated to L.K. Jha’s book Economic Strategy for the 80s. It is the decade in which we quickly recovered from agricultural depression and registered a double digit growth. At the beginning of the decade our biggest import was crude oil and after that it was edible oil. By the end of the decade we were exporters of several kinds of edible oil.

Why is it that Nehru became successful with his Hindu rate of growth? The reason is that the Hindu rate of growth was five times what our pre-Hindu rate of growth was. From 1914 to 1947, the figures of which are available, the rate of growth of the Indian economy was 0.72 per cent. And we got the Hindu rate of growth which was five times that and it made a difference to the people. The minute you had solid land reforms, the people had their ‘zameen’. That is what Mother India was all about. People felt that they were involved in the process. All the political talk was: gareeb ke liye ham kya kar sakte hain. Indira Gandhi matched it beautifully when the entire political spectrum joined hands against her by saying, “Woh kehte hain Indira hatao, hum kehte hain Garibi hatao.”

There is nobody so marginal in a government as the minister of Panchayati Raj. I count for nothing. Nothing! When I was the minister of petroleum, I used to walk surrounded by this media. I kept on telling them that petrol prices can do only three things — go up, go down or remain where they are. And it was all over the place. But try and get them to write two words about the 700 million Indians — absolutely impossible. And now with terrestrial television it is even worse. You have to be quarreling with your mother-in-law or hitting your daughter-in-law to be able to hit the headlines. It is impossible to get particularly the pink papers to focus on issues that affect the bulk of the people. And it is so easy to get them to focus on issues that are of high relevance to only one or two per cent of the people.

... contd.