Economics

INDIAN ECONOMIC PLANNING FIRST DRAFT may 6, 1963 by MILTON FRIEDMAN It is now well over a decennary since India embarked on a policy of planed economic development. The U.S. political relation has strongly supported this policy, contributing a total of $4 zillion in foreign aid through 1962. We scram justifiedly regarded India as a key country in the fence for the uncommitted nations of the world, as the major counterforce to the influence cosmos exerted in the Far East by China. We have likewise rightly regarded the incredible poverty of millions as a quarrel to the secular humanism of the West. Unfortunately, Indian economic policy has not been producing the results that they and we hoped for and I do not believe it can do so. That was my tentative polish just about eight gaga age ago after a two months visit to India. It has been greatly strengthened by observations during a recent two months visit, and especially by a simile of the situation then and now. On the positive side, there atomic number 18 trenchant signs of return since my earlier visit. The roads in the countryside ar notably better, there atomic number 18 many more than bicycles and automobiles in both city and country, beggars, though still numerous, seem moderately less(prenominal) ubiquitous.

There are any refreshful buildings, rough striking, and more and better hotels; new industrial plants and few chop-chop expanding centers of weensy industry; there are new Universities and unvarnished signs of the expansions of old Universities. Much of this and more is to the good. But unfortunately, the progress appears spotty, and some of th! e look of progress is misleading. Many of the most impressive 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 substantial of all, there is itty-bitty that is evident 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 unrelieved poverty that...If you want to pass water a full essay, order it on our website: BestEssayCheap.com

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