“It 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.”
Quote by Jairam Ramesh
Author
Jairam Ramesh
Jairam Ramesh is an influential Indian politician affiliated with the Indian National Congress. Born on April 9, 1954, he has held several key positions in the Indian government and is recognized for his contributions to environmental conservation and renewable energy policy. more
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