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

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From 50 Years Ago: Not Hidebound.

Weekly Note from Volume XIV, No 17, April 28, 1962.

Progressive businessmen in this country have been veering round to the view that economic planning by the State, particularly in an underdeveloped country, is an essential prerequisite for economic progress. Shri K C Mahindra, who belongs to this group, expressed himself on the subject with com-mendable firmness in his address as Chairman of Mahindra and Mahindra at the Annual General Meeting of the Company in Bombay this week…To support planning by the State is not, however, to argue that planning in this country is free from defects…One is justified, therefore, in drawing attention to the grow-ing lag between planning and achievement or in pointing out that the major weaknesses that have arisen in the economy have been at those points at which the Government has been directly involved – railway develop-ment, coal production and power generation. It is clear that the planning technique has been deficient and supervision over perform-ance too slack. It is becoming increasingly evident that the operational machinery of Government is not able to rise to the occasion to implement the gigantic task set to it by the planning organisation…

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