Solving India's unemployment through industrial planning. - Page 107 |
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94 i
| amount to rupees 200 million.? Thus the Planning J
I Commission hopes to expand the i employment in the clo« th .'
Industry. j
i Let us now compare the alternative positions
emerging from either an expansion of the mill Industry or
an expansion of the handloom industry. Table XIII
Illustrates the above position. Q
The policy of expansion of Khadi and handloom
industry might appear to be sound in theory and practice,
if only these considerations are taken into account.
There is no doubt that the current approach of Government
has a fascinating appeal to the masses. On our assumption;
of rupees 1,000 average wage of worker per year, the '
additional wage cost would amount to rupees 520 million. j
i|
By emphasizing the small scale and cottage units there is i
i saving in regard to capital costs. Thus the policy of I
i encouraging these industries depresses the rate of capital
formation. Even though it Implies a larger extent of the JI
employment than in the mill Industry, the policy In this
field should be to encourage them by imposing heavy taxes,
giving protection in this competitive situation. The
total effect of this policy would be reflected in the
?C. -N. Vakil and P. R. Brahmanad, Planning for an Expanding Economy (Bombay, India: Vora and Company, Ltd., 1956), p. 151.
_ _ _ 8Ibid.. p. JL53._________________________________ J
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| Title | Solving India's unemployment through industrial planning. - Page 107 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 94 i | amount to rupees 200 million.? Thus the Planning J I Commission hopes to expand the i employment in the clo« th .' Industry. j i Let us now compare the alternative positions emerging from either an expansion of the mill Industry or an expansion of the handloom industry. Table XIII Illustrates the above position. Q The policy of expansion of Khadi and handloom industry might appear to be sound in theory and practice, if only these considerations are taken into account. There is no doubt that the current approach of Government has a fascinating appeal to the masses. On our assumption; of rupees 1,000 average wage of worker per year, the ' additional wage cost would amount to rupees 520 million. j i| By emphasizing the small scale and cottage units there is i i saving in regard to capital costs. Thus the policy of I i encouraging these industries depresses the rate of capital formation. Even though it Implies a larger extent of the JI employment than in the mill Industry, the policy In this field should be to encourage them by imposing heavy taxes, giving protection in this competitive situation. The total effect of this policy would be reflected in the ?C. -N. Vakil and P. R. Brahmanad, Planning for an Expanding Economy (Bombay, India: Vora and Company, Ltd., 1956), p. 151. _ _ _ 8Ibid.. p. JL53._________________________________ J |
