TITLE

ECONOMIC DEVELOPMENT: PERFORMANCE AND PROSPECTS

AUTHOR(S)
Millikan, Max F.
PUB. DATE
April 1968
SOURCE
Foreign Affairs;Apr1968, Vol. 46 Issue 3, p531
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents information on the economic development in India since the end of World War II. The development planning effort undertaken by the Indians is one of the oldest and probably the most sophisticated to be found in any country. The development has been conducted in the context of a genuinely democratic political system, with repeated free elections, substantial freedom of expression by opposition groups and two orderly changes of top leadership. Three five-year plans have been completed since independence, and India is in its fourth quinquennium of serious development effort. The record of the first fourteen years of planned development is one of fairly steady and impressive growth, culminating in a year of good weather and record agricultural output, followed then by drought and war. But from 1951 to 1965, national income at constant prices increased in every year but one, in which there was a bad harvest, and the average increase was just short of 4 percent per year. This was well below Indian targets. The second and third plans hoped for a rate of real growth of better than 5 percent.
ACCESSION #
5804126

 

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