Solving India's unemployment through industrial planning. - Page 53 |
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M'O
highest•1?
Solution of the problem. Unemployment, as we have
noted, is a composite question in India. The economic,
political, technical, demographic, and financial factors
are involved in this problem. It Is a multi-faced issue
and demands a multi-lateral attack. Measure to solve the
problem can be studied under two headings as: (1) Shortterm
measures, and (2) Long-term measures.
Short-term measures. Promotion of small scale
industries in the sphere of consumer goods and intermediate
products is one of these. In the reduction of
unemployment small scale Industries have an Important
part to play. In a country where labor Is plentiful
relative to capital, preference must be given to labor
intensive rather than capital Intensive processes. Investment
in basic industries creates demand for consumer goods
but it does not enlarge the supply of consumer goods in
the short-term. Small scale industries, with labor
Intensive processes are well suited for the purpose of
Increasing the much needed supplies of consumer goods.
Reorganization of the employment exchanges. It is
^■?P. C. Tripatbl",. "Educated Unemployment," Economic
Review. 2:20, April 15, 1957.
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| Title | Solving India's unemployment through industrial planning. - Page 53 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | M'O highest•1? Solution of the problem. Unemployment, as we have noted, is a composite question in India. The economic, political, technical, demographic, and financial factors are involved in this problem. It Is a multi-faced issue and demands a multi-lateral attack. Measure to solve the problem can be studied under two headings as: (1) Shortterm measures, and (2) Long-term measures. Short-term measures. Promotion of small scale industries in the sphere of consumer goods and intermediate products is one of these. In the reduction of unemployment small scale Industries have an Important part to play. In a country where labor Is plentiful relative to capital, preference must be given to labor intensive rather than capital Intensive processes. Investment in basic industries creates demand for consumer goods but it does not enlarge the supply of consumer goods in the short-term. Small scale industries, with labor Intensive processes are well suited for the purpose of Increasing the much needed supplies of consumer goods. Reorganization of the employment exchanges. It is ^■?P. C. Tripatbl",. "Educated Unemployment," Economic Review. 2:20, April 15, 1957. |
