GIPE-PUNE-OIIOI2 - DSpace@GIPE

192. THE. RAILWAY INDUSTRY AND COMMERCE. OF INDIA
1he state in lnda becoming more ~nd more Indian in
personnel and policy, and the possibility of making the.
'Government inch by inch amenable to the fundamental
wishes and interests of the people. may not be very
remote. !tis these considerations 9f political sovereignty
and democracy as well as popular control that lie at th~
bottom of the kind of state~socialism that is being cham~ •
piQned by Indian nationalists not only in regard to
Iailwaybut in regatd to other economic institutions, say,
.the oft~discussed Reserve Bank 9f India.
The ownership element in nationalization was,
:al; we have noted above, well established in Indi~
.during the fourth quarter of the last century. But the'
. management aspect of nationalization was not pro~
:~inent in those days. It is with the beginnipg of the
.second quarter Qf the present century that this factor has
'~pun to acquire a I'Ipecial prominence i~ Indian railway
organization, (State~managed railways at 1930: N.W.R.,
.E.B.R., O.R.R. +E.I.R., G.I.P.R., B.R.).
The story of railway nationalization ~n India is, how~
.