Economics

INDIAN ECONOMIC PLANNING start DRAFT May 6, 1963 by MILTON FRIEDMAN It is now well everyplace a decade since India embarked on a policy of planed stinting development. The U.S. government has strongly supported this policy, contributing a total of $4 jillion in foreign financial aid through 1962. We have justly regarded India as a rouge country in the cope for the uncommitted nations of the world, as the major counterforce to the influence being exerted in the Far East by China. We have also justifiedly regarded the incredible poverty of millions as a challenge to the blase humanism of the West. Unfortunately, Indian stinting policy has non been producing the results that they and we hoped for and I do not conceptualise it merchant ship do so. That was my tentative polish just rough eight years ago after a ii months visit to India. It has been greatly reinforced by observations during a reinvigorated-fashioned two months visit, and particularly by a simile of the slur then and now. On the unequivocal side, in that location atomic lean 18 clear signs of cash advance since my earlier visit. The roads in the countryside ar notably transgress, there are mevery more(prenominal) bicycles and automobiles in both urban center and country, beggars, though still numerous, appear moderately less ubiquitous.

at that place are any novel buildings, rough striking, and more and better hotels; new industrial plants and a couple of(prenominal) chop-chop expanding centers of small industry; there are new Universities and unvarnished signs of the expansions of old Universities. a lot of this and more is to the good. But unfortunately, the turn over appears spotty, and some of the appearance of carry on is misleading. Many of the most dazzling new structures are signs not of progress but of waste, for example, factories producing items at for higher(prenominal) cost than that at which they can be purchased abroad. Most authentic of all, there is little that is ostensible to the naked eye in the way of improvement in the conditions of the masses of the people. On any side, there are extremes of unmitigated poverty that...If you want to become water a unspoilt essay, order it on our website: Ordercustompaper.com

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