Clearing the Cobwebs - Implosion: India's Tryst with Reality - page 71

cause there is a professional consensus. They happen when the political leadership of the
time decides to back these initiatives.' 47 He did not, of course, have that backing from the
political leadership of Sonia Gandhi, though he was too restrained to say so explicitly.

Notes

1 . Statement on Industrial Policy, Government of India, Ministry of Industry, New Delhi,

24 July 1991, http://dipp.nic.in/English/Policies/Industrial_policy_statement.pdf

2 . 'An imbalance of liberalization: L.K. Jha talks to John Elliott, Financial Times , January

26 2003

3 . Arvind Virmani, 'Policy Regimes, Growth and Poverty in India: Lessons of Govern-

ment Failure and Entrepreneurial Success!', October 2005, Working Paper Series, In-
dian Council for Research on International Economic Relations (ICRIER); this paper
traces and tabulates the history of India's economic restrictions and reforms from 1948
to 2004; http://icrier.org/pdf/WP170GrPov11.pdf He has a blog 'Dialogue with Vir-
mani', http://dravirmani.blogspot.co.uk/

4 . '30 Years of Change, and Status Quo', Business & Economy , 16 February 2012, ht-

tp://www.businessandeconomy.org/16022012/storyd.asp?sid=6746&pageno=1

5 . JE, 'Telephone Links for Commonwealth Talks', Financial Times , 8 September 1983

6 . Robert Lloyd George, North-South: An Emerging Markets Handbook , Probus Publish-

ing, Cambridge (UK), Chicago, 1994

7 . Parts of these paragraphs appeared in a report I wrote in 1995: 'India and China - Asia's

New Giants: Stepping Stones to Prosperity', Rajiv Gandhi Institute for Contemporary
Studies, Delhi, 1995

8 . Told to JE by the bureaucrat, July 2012, non-attributable
9 . Montek Singh Ahluwalia in conversation with JE, June 2013; the article was headed
'Towards a restructuring of industrial, trade & fiscal policies', Indian Express , 11 July
1990, extracts courtesy of The Financial Express archives, 1990
10 . Conversation with JE, December 2013 after the article was retrieved from The Indian
Express archives
11 . Policy Making for Indian Planning: Essays on contemporary issues in honour of
Montek S. Ahluwalia , Foreword p. 17, Academic Foundation, New Delhi 2012, ht-
tp://www.academicfoundation.com/n_detail/645.asp
12 . Conversation with JE, December 2013