Question

Why did our leaders not follow the path of socialism at the

time of independence?​

Answer 1

Answer:

After India's independence in 1947, the Indian government under prime ministers Nehru and Indira Gandhi oversaw land reform and the nationalisation of major industries and the banking sector. Independently, activists Vinoba Bhave and Jayaprakash Narayan worked for peaceful land redistribution under the Sarvodaya movement, where landlords granted land to farm workers out of their own free will. In the 1960s, the Communist Party of India formed India's first democratically elected communist government when it won elections in the states of Kerala and later West Bengal. However, when a global recession began in the late 1970s, economic stagnation, chronic shortages and state inefficiency left many disillusioned with state socialism. In the late 1980s and 1990s, India's government began to systematically liberalise the Indian economy by pursuing privatisation, aiming to attract foreign investment.