India has many problems, but most economic problems rose from Command and Control economy, that gave raise to rampant corruption, smuggling (for Gold and electr

India has many problems, but most economic problems rose from Command and Control economy, that gave raise to rampant corruption, smuggling (for Gold and electronics) and many other things. Yes, most of the economic issues have texture to them but the main ingredient was government trying to control the markets, Nehru style. I could care less if it in vogue, nor it would be foolish to even think India has fully unburdened itself from Nehruvian Socialism, honestly its not even hindsight, NS is thriving in plain sight again at the cost the people and economy. The Indian Public sector banks are case and point.