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Indian author and columnist SL Rao in an interview talks about the Indian economy in the early days of Independence, a study at the banking system in India under Jawaharlal Nehru, the influence of the Soviet Republic in the banking system in India. Watch for exclusive and detailed analysis of Indian economy post-independence from the senior columnist. He also talks about the economic policy of Indira Gandhi. SL Rao: "There were economic reasons and there were political reasons. I think the economic reasons were pretty clear. There was a feeling that certain sectors in the economy were being denied credit. Agriculture was one, small scale industry was another. There was a need for much more money being available for export and therefore it was felt that nationalisation of banks would enable
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