Solving India's unemployment through industrial planning. - Page 214 |
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industries. When this stage is completed, a substantial
j base in regard to capital goods manufactured would tend
j to emerge in the economy.
i i I The problem in the third stage would be that of ;
initiating a quick rate of expansion in the standard of
living of the labor in the economy. It would be possible
to develop various luxury industries to provide some
social amenities and other welfare services* It should
be possible to obtain a high standard of living for the
common masses of India.
The above program is based on logical system of
harmony. It should be possible to obtain full employment
j and a higher standard of living within a period of twenty
| years as it has been previously said.1 Employment will i start rising in the initial stage Itself. It should be i
the objective of economic policy and industrial planning
to create the condition of production and relationship '
between the different groups for a vision of hope and
better achievements. The adjustments to the program of
the resources mobilization, monetary credit and commercial
policies have been encouraged in the framework of planning.
The dependence upon the deficit financing as a method of
forced savings should be kept to a minimum, so it would
affect within a limited range of economy.
^•Refer to Chapter VIII, p. 185 of this thesis._______
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| Title | Solving India's unemployment through industrial planning. - Page 214 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | industries. When this stage is completed, a substantial j base in regard to capital goods manufactured would tend j to emerge in the economy. i i I The problem in the third stage would be that of ; initiating a quick rate of expansion in the standard of living of the labor in the economy. It would be possible to develop various luxury industries to provide some social amenities and other welfare services* It should be possible to obtain a high standard of living for the common masses of India. The above program is based on logical system of harmony. It should be possible to obtain full employment j and a higher standard of living within a period of twenty | years as it has been previously said.1 Employment will i start rising in the initial stage Itself. It should be i the objective of economic policy and industrial planning to create the condition of production and relationship ' between the different groups for a vision of hope and better achievements. The adjustments to the program of the resources mobilization, monetary credit and commercial policies have been encouraged in the framework of planning. The dependence upon the deficit financing as a method of forced savings should be kept to a minimum, so it would affect within a limited range of economy. ^•Refer to Chapter VIII, p. 185 of this thesis._______ |
