Solving India's unemployment through industrial planning. - Page 195 |
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182
second plan presumes that foreign exchange will fall
short of requirements "by rupees 11,000 million in the
period of 1956-61. In examining the possibilities of
filling this gap, the planning commission looks to new
private foreign investment to contribute about rupees
1,000 million.
• The effect of India's new social and economic
policy on foreign investments has been discussed by
numerous authoritative persons. Mr. Geoffrey Tyson argues
that foreign investment and foreign aid have had a role !I
to play in the economic development of India, foreign
investment is essentially a part of the pattern of free ,I
enterprises. As foreign Investment has long been 1
Identified with foreign domination, the Indian government ,
is very strict in its attitude towards foreign capital. (
He further points out that apart from the rules and Ij
regulations governing foreign investment in India, the !
important factor is the political and economic climate
for such investment. Investment by private non-residents
is vanishing except in industry. The position of the
institutional investor is less open to risk. A socialistic
economy may well procure foreign aid, but it will
not attract over the long run, private foreign investment
on any large scale.
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| Title | Solving India's unemployment through industrial planning. - Page 195 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 182 second plan presumes that foreign exchange will fall short of requirements "by rupees 11,000 million in the period of 1956-61. In examining the possibilities of filling this gap, the planning commission looks to new private foreign investment to contribute about rupees 1,000 million. • The effect of India's new social and economic policy on foreign investments has been discussed by numerous authoritative persons. Mr. Geoffrey Tyson argues that foreign investment and foreign aid have had a role !I to play in the economic development of India, foreign investment is essentially a part of the pattern of free ,I enterprises. As foreign Investment has long been 1 Identified with foreign domination, the Indian government , is very strict in its attitude towards foreign capital. ( He further points out that apart from the rules and Ij regulations governing foreign investment in India, the ! important factor is the political and economic climate for such investment. Investment by private non-residents is vanishing except in industry. The position of the institutional investor is less open to risk. A socialistic economy may well procure foreign aid, but it will not attract over the long run, private foreign investment on any large scale. |
