"Soon after Independence, our first Prime Minister Jawaharlal Nehru, in his wisdom, had envisioned primacy for public sector to drive development in a nascent country. For her own reasons, Indira Gandhi amended the Constitution making socialistic development as our path of development resulting in the infamous 'Inspector Raj'," he said.
"Times then compelled us to take to the path of economic reforms in 1990s and our inexorable journey in this direction continues. All through, the welfare function of the state continued to be a guiding principle.
Inspector Raj refers to over regulation/supervision by Government of factories and industrial units, a practise which was rampant in 1970s and 1980s.
In an apparent reference to the ongoing debate on "rising intolerance", the senior BJP leader said certain incidents which have happened recently should be condemned. However, such incidents are happening since ages and one should not magnify them.
"The global watchers of India seem to be more excited about India than most of our fellow citizens. May be its time we leave behind our cynicism borne out of day to day experiences and work for India of its true potential," he said.
"For India to achieve its potential, we need to remove all hurdles that come in the way. Infrastructure development is the key in this regard. It is because infrastructure is the linchpin of economic growth as it can help in addressing other key issues, including employment, competitiveness and trade," he explained.
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