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Part - VII

Summing it up

Market economies rest upon the fundamental principle of individual freedom: freedom as a consumer to choose among competing products and services; freedom as a producer to start or expand a business and share its risks and rewards; freedom as a worker to choose a job or career, or to change employers. It is this assertion of freedom, of risk and of opportunity that joins together modern market economies and political democracy. This is precisely the vehicle of opportunity for a socio-economic environment as unique as India's to reap the benefits of a market economy. The apparent lack of "readiness" is not a negative aspect but it characterizes the uniqueness of the market. It is high time to turn democracy and diversity into vehicles of efficient markets from their present status of alibis of economic underdevelopment. Perhaps the Nation is fast approaching the crossroads on the highway of economic reforms and it is time for the Government to wake up to the criticality of each step it takes as a facilitator of the Great Indian Marketplace!

Concluded.

*Contributed by -
Suchintan Chatterjee,
Post Graduate Diploma in Computer Aided Managemnet (PGDCM),
IIM Calcutta.