Cut The Clutter: 54 yrs of Indira Gandhi’s bank nationalisation: A missed warning & a telecom-aviation lesson

It’s been 54 years since Indira Gandhi, facing challenges to her leadership within the Congress, nationalised India’s banks. Public sector banks now account for over 80 percent of India’s bad debt, pointing to a rot in the system that is forcing the government to continuously pump them with more money. In Ep 217 of Cut The Clutter, originally published on 19 July 2019, Editor-in-Chief Shekhar Gupta talks about the nationalisation of banks, the prescient warning missed, and what Modi govt could possibly do over half a century down the line.