ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Neglect of Implications of Self-Sufficiency Goal

V V Desai It is argued in this paper that the weaknesses in the economic framework to which Jagdish bhagwati and Padma Desai devote so much attention are not inherent to this framework but flowed from the imperfect understanding of the development process on the part of the Indian planners. It is further argued that the alternative framework suggested by Bhagwati and Desai is inconsistent with the basic objectives of our Plans and cannot be expected to be more efficient.

Pursuit of Industrial Self-Sufficiency-A Critique of the First Three Plans

Pursuit of Industrial Self-Sufficiency A Critique of the First Three Plans V V Desai ATTAINMENT of self-sufficiency has been an important objective of planned development in the country. An attempt is made here to examine the rationale of this objective, the approach adopted for its achievement and the extent of fulfilment achieved in the first three Plans, The Rationale Self-sufficiency, as an objective of planned economic development, could be justified on economic grounds when the country's export possibilities are inadequate and are undependable for financing the import requirements of the intended growth. In all the three Hans, emphasis on this objective was unmistakable although its rationale remained undisclosed. The first Plan envisaged replacement of imports of items like aluminium, fertilisers, man- made fibres, etc, by their indigenous production. The need for taking up this programme of import substitution was, however, not explained in the dis cussion on "Foreign Trade and Commercial Policy" in the Plan. Nor was there at that time, or since, any comprehensive official study of export possibilities that would justify such a programme. It was maintained at the time of the Second Plan that "one important aim is to make India independent as quickly as possible of foreign imports of producer goods so that the accumulation of capital is not hampered by difficulties in securing supplies of essential producer goods from the other countries. The heavy industries must, therefore, be expanded with all possible speed"1 (italics added). Similarly, it was noted in the Third Plan that "it is essential to pursue... a broad strategy of economic development which will ensure that the economy expands rapidly and becomes self- relying and self-generating within the shortest possible period"2 (italics added).

OFFICIAL PAPER-Dim Light on Import Substitution

scholar. However, his presentation leaves much to be desired. A multitude of facts float around without fitting into a coherent framework. The material has not been organised, and the book is littered with irritating repetitions. There is also a curious lack of precision in Imam's language. He describes a categorical offer of a deal by the Soviet emissary Krasin to Curzon in 1920 as "a broad hint". This would have been comprehensible, if there was a general tendency towards understatement in the book. But this is not so. For instance, some 40 pages later he speaks of "unconditional support to Indian nationalism" by Soviet Union in the early 1920s (emphasis added).

Import Substitution and Growth of Consumer Industries

Import Substitution and Growth of Consumer Industries V V Desai This paper attempts to estimate the growth of consumer goods industries in the context of the policy of import substitution.

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