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India's Political History, Working With The TATAs and MAHINDRAs & What Can India Do To Be A Leader?

The BarberShop with Shantanu

CHAPTER

The Importance of Nationalization in India

Nationalization did play a role, but depositors had no impact. In the long run, Indian banking went into deep villages and everywhere. That got us into... I mean, the headwind was too heavy for Prime Minister Nehru. There was like, an 18-domvency sentiment, is it? And big time. Today India can afford to buy which foreign exchange. Country exports imports a lot. A much bigger economy. At that time, it was very vulnerable.

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