Govindacharya blames liberalisation policies of 1991 for 'economic recession'

K N Govindacharya, once a key RSS leader, on Friday blamed the liberalisation policies of 1991 for the current economic slowdown and demanded that the government should review the New Economic Policy being followed since years.

Addressing a press conference held on the eve of a two-day all-India steering committee meeting of the Rashtriya Swabhiman Andolan, its founder Govindacharya said India's economic policies should be based on domestic production and consumption.

The concept of development has been completely distorted in the history of the last 200 years of the world, he claimed.

Therefore, the hegemony of state and "immoral marketism" did not result in the creation of a healthy and interdependent society, Govindacharya said.

It is now time for India to adopt the concept of nature centric development as a paradigm instead of consumption-based GDP estimation, he said.

Ecological sustainability should be the basis of development, also safeguarding the rights and interests of the .