INDIA: Puran Swaraj!

Indian stocks and even bonds broke sharply on the Bombay Exchange and did not recover last week, as the Indian National Congress (TIME, Jan. 6) voted by a virtually unanimous majority the following Declaration of Puran Swaraj (Complete Independence):

"It has become a solemn obligation and a (revolutionary right for the people of India to assert their inherent power and dissolve the immoral ties which bind them to the British imperial system. . . .

"We solemnly declare that India . . . is a free and independent nation, and that Independent India...

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