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

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AND POLITICAL WEEKLY Vol II No 27 3 Harbour View, 29 Causeway, Bombay-1 of the Indian economy and the Government's economic policies are such as are unlikely to make aid-givers enthusiastic about generous aid commitments, About the Fourth Plan, the Mission is reported to have said that specific industrial development programmes contemplated, particularly in the public sector, "do not seem to have been influenced by the new policy directions and may need some reshaping in particulars". What these new policy directions are is by now fairly well known. They are, to quote from a press report, "continuation of the new agricultural programme, further efforts to expand fertiliser production, and enlist foreign private enterprise in that effort, continuation of the movement towards import decontrol and liberalisation, a further relaxation or elimination of the remaining controls over industrial investment and production and a vigorous prosecution of the family planning programme". The Mission's assessment of the progress of the Indian economy over the three Plans is also not likely to recommend our case for aid, particularly project aid. In the industrial sector, the Mission feels, many of the large public sector industrial complexes, in which great resources have been invested, are either not completed and are producing very little or, where completed, are not yielding benefits commensurate with the capital invested.

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