Reintegrating India with the World Economy

Front Cover
Peterson Institute, 2003
 

Contents

III
1
IV
2
V
4
VI
11
VII
13
IX
16
X
20
XI
27
XX
93
XXI
101
XXII
107
XXIII
111
XXIV
112
XXV
122
XXVI
123
XXVII
132

XII
58
XIII
63
XIV
79
XV
80
XVI
86
XVII
88
XVIII
90
XIX
92
XXVIII
133
XXX
134
XXXI
136
XXXII
148
XXXIII
151
XXXIV
153
XXXV
159
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Page 6 - The objective for the country as a whole was the attainment, as far as possible, of national self-sufficiency. International trade was certainly not excluded, but we were anxious to avoid being drawn into the whirlpool of economic imperialism.
Page 6 - The three fundamental requirements of India, if she is to develop industrially and otherwise, are: a heavy engineering and machine-making industry, scientific research institutes, and electric power. These must be the foundations of all planning, and the National Planning Committee laid the greatest emphasis on them.
Page 7 - to translate . . . the goals of social and economic policy prescribed in the Directive Principles of the Constitution into a national programme based upon the assessment of needs and resources", we find that a stagnant and dependent economy has been modernised and made more selfreliant.
Page 7 - Plan, p. 42 et seq. of incentives, for to the extent that controls limit the freedom of action on the part of certain classes, they provide correspondingly an incentive to certain others and the practical problem is always to balance the loss of satisfaction in one case against the gain in the other. For one to ask for fuller employment and more rapid development and at the same time to object to controls is obviously to support two contradictory objectives.

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