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Nirmala Sitharaman Reflects on India's Early Development Model at NCAER Lecture AUG 6, 2026

Nirmala Sitharaman Reflects on India's Early Development Model at NCAER Lecture

Speaking at the C.D. Deshmukh Lecture hosted by NCAER, Union Finance Minister Nirmala Sitharaman reflected on India's early post-independence development strategy. She highlighted the establishment of institutions such as ISRO, BARC, BHEL and the IITs, while noting that slow infrastructure execution, dependence on external powers, and limited focus on exports affected India's long-term economic trajectory.