After being captivated by a "company" named East India Company for 200 years the governance in 70's and 80'a in India makes perfect sense to me. Remember post

After being captivated by a "company" named East India Company for 200 years the governance in 70's and 80'a in India makes perfect sense to me. Remember post independence India was a broken nation. Not even a needle was manufactured in the country. India was in dire need of building massive infrastructure and strengthening its defense to deal with Pakistan and China. Where do you think the money to do all this come from ? The priorities at that time was different. Now, India is an independent nation capable to defend itself and have relatively a stable economy. India is opening up its economy and focusing on creating more opportunities which are entrepreneur friendly (look at the growth of the -obvious- IT sector).