Industrialisation is necessary. But acquisition is by no means the only avenue through which it can be achieved. The Cochin Airport is a prime example of this. Instead of choosing to acquire the land, the State asked the private parties to negotiate with the landowners directly. The State merely acted as an arbitrator.
Jairam RameshIt was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.
Jairam RameshWTO is not the forum for labour standards. Next, the U.S. will argue the time zone difference is an unfair competitive advantage enjoyed by India that enables our software engineers to work while the Americans sleep.
Jairam Ramesh