{"id":161,"date":"2004-10-31T12:42:19","date_gmt":"2004-10-31T17:42:19","guid":{"rendered":"http:\/\/server97.snhdns.com\/~ravik\/wp\/?p=161"},"modified":"2004-10-31T12:42:19","modified_gmt":"2004-10-31T17:42:19","slug":"the-base-that-nehru-built","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/classic\/200410\/the-base-that-nehru-built\/","title":{"rendered":"The base that Nehru built"},"content":{"rendered":"<p>Nehru built a strong base for India by investing in heavy industry and infrastructure so that our industrial development could take off right?<\/p>\n<p>You know what happens to people who develop a strong base right? They find it difficult to get off their base.  That&#8217;s what seems to have happened. <\/p>\n<p><a title=\"Putting Nehru, Tata to shame- The Times of India\" href=\"http:\/\/timesofindia.indiatimes.com\/articleshow\/905414.cms\">Putting Nehru, Tata to shame<\/a><\/p>\n<blockquote><p>Lakshmi Mittal did not become No.1 by taking advantage of all that India had to offer, such as cheap iron ore, subsidised finance and protection against imports. <\/p>\n<p>On the contrary, he succeeded because Nehruvian socialism forced him to go abroad, where he had to compete with the best in the world. His family started with a mini-mill in Indonesia producing 65,000 tonnes of wire rods. Next came a management contract, with the option to buy a bankrupt government steel plant in Trinidad. The Mittals turned it round instantly. <\/p>\n<p>How? For starters, by replacing European managers with Indians. This saved $2 million in wages, and brought in superior skills too. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Nehru built a strong base for India by investing in heavy industry and infrastructure so that our industrial development could take off right? You know what happens to people who develop a strong base right? They find it difficult to get off their base. That&#8217;s what seems to have happened. Putting Nehru, Tata to shame [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/161"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=161"}],"version-history":[{"count":0,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/161\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}