discourage the growth of luxury consumer goods, and instruments like the debt:equity ratio to reverse the increasing concentration of economic power. In other words, we need to use the correct instruments for diverse objectives of economic policy. Fifthly, we need to foster greater internal competition, and this calls for widely different tactics for different industries, in different situations. Sixthly, we spoke of an environment for higher productivity, and this calls for a host of policies, starting from education and training, to better working conditions- some of our existing factories are essentially of 19th century vintage