DISCUSSIONS - PT's IAS ACADEMY
Topic for 10th February 2022
Nationalisation of banks was primarily not an economic, but a political move by Indira Gandhi's government. Its impact was multi-dimensional. Discuss.
इंदिरा गांधी सरकार द्वारा बैंकों का राष्ट्रीयकरण मुख्य रूप से एक आर्थिक नहीं, बल्कि राजनीतिक कदम था। इसका प्रभाव बहुआयामी था। चर्चा करें।
From 1969 to 1980, most of the large private banks of India were nationalised by the Indira government. Some claim it was done to strengthen her political position, while some say it was to help banking spread in the remotest regions of India.
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