In 1970 at the request of a few Jan Sangh leaders including nanaji Deshmukh and jagannathrao Joshi Subramanian Swamy prepared and presented a Swadeshi plan. The monograph vociferously demanded that socialism be sacrificed for a competitive market economic system so India can grow at 10 per cent per year achieve self reliance full employment and produce nuclear weaponry. The then prime Minister Indira Gandhi denounced the plan as dangerous. Fifty years later Swamy redefines his path breaking ideas on India specific economic development in his seminal work reset. It undertakes a nuanced analysis of the manner in which the highly prosperous Indian Economy witnessed a long accelerated decline due to persistent British imperialist aggression and compares the distinctive manner in which Asian giantsindia and chinasuffered at the hands of imperialism. He critically analyses the highs and lows of the Nehrus model of centralized economic planning borrowed from the Soviet Union and the debilitating circumstances that impelled him as commerce minister in prime Minister Chandra Shekhar s government to draw up a blueprint for economic reforms.