The promise of Independence was not just the end of colonial oppression, but also of the economic regeneration of India. The transfer of power on 15 August 1947 provided an opportunity for Indian nationalists to take action on the economic front.

In this piece for the Mint, Niranjan Rajadhyaksha, Senior Fellow and CEO, Artha India, documents India’s economic journey of the past 75 years and offers lessons for the future.