Leaders of the socialist movement in India did not recognize the need for a liberal social and cultural context for the growth of a democratic socialist movement
The controls that have a rightful place in a free economy are those that provide the maximum of assistance with the minimum of interference; controls that regulate and safeguard, not those that regiment and emasculate.
The Swatantra Party rightly believes that the prices should be stabilised. It also promises that there should be a drastic reduction in heavy and reckless taxation and wasteful expenditure.
The genius of Ranade lies in the fact that he used data to substantiate his economic arguments. He used ballpark estimates when data wasn’t easily available.