New Delhi, Aug. 18 -- Imagine Mahatma Gandhi spinning the wheel, a portrait in self-reliance and transformation. And, as he did decades ago, expressing nonviolent resistance to colonialism. The spinning wheel's association with Gandhi's teachings reinforces its role as an emblem of independence and social strength. It stood as a symbol of internal reforms, where he urged Indians to reclaim independence by weaving khadi, and breaking away from colonial textile mills.
Now, imagine spinning Gandhi's wheel of self-reliance in the twenty-first century. Bapu may not be alive, but the wheel of economics renders a lesson in history. This is because the thought somehow lives in political rhetoric, economic jargon and the actions of the policy-maker...