Solving India's unemployment through industrial planning. - Page 170 |
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15?
economic development will proceed in a particular region.
When trying to predict future economic development in
India, one realizes that the greatest question marks are
not geographic or of economic import.
The’present economic development of India is not
mere imitation of the advanced technological methods of
industrialized countries. It is a revolution in the
social, cultural, and subsequent attitudes toward the
physical environment. The very concept of economic
development Implies reallocation of human beings. This
always entails hardship and frustration. The problem of
economic development in India has real significance.
Today in India, there Is great merit in envisaging
compensatory substitutions- for the lack of-availability
of goods and services. 20
The Five Year Plan is certainly not an example of
a planned economy. It would be more correct to say that
it is a program of public Investment with appropriate
fiscal and social measures to ensure better equalization
> of Income and opportunity. As Mr. Kittrell observed:
There is no uniform pattern of consumption for the whole of India. It varies materially from social group to social group. The degree of social
K. Murarljan, "Some Perspectives on Economic Thought in India," Southwestern Social Science Quarterly. — 3 5.: 3^.0., _ March 1955*______ ______ ____________________ ___
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| Title | Solving India's unemployment through industrial planning. - Page 170 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 15? economic development will proceed in a particular region. When trying to predict future economic development in India, one realizes that the greatest question marks are not geographic or of economic import. The’present economic development of India is not mere imitation of the advanced technological methods of industrialized countries. It is a revolution in the social, cultural, and subsequent attitudes toward the physical environment. The very concept of economic development Implies reallocation of human beings. This always entails hardship and frustration. The problem of economic development in India has real significance. Today in India, there Is great merit in envisaging compensatory substitutions- for the lack of-availability of goods and services. 20 The Five Year Plan is certainly not an example of a planned economy. It would be more correct to say that it is a program of public Investment with appropriate fiscal and social measures to ensure better equalization > of Income and opportunity. As Mr. Kittrell observed: There is no uniform pattern of consumption for the whole of India. It varies materially from social group to social group. The degree of social K. Murarljan, "Some Perspectives on Economic Thought in India," Southwestern Social Science Quarterly. — 3 5.: 3^.0., _ March 1955*______ ______ ____________________ ___ |
