Economics of Stop-Go War: A Preliminary Outline

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The more one thinks of the implications of economic planning in the situation we are in today, the clearer it becomes that we have to move towards Soviet-type planning, but with four fundamental adaptations;
(a) greater reliance on the market mechanism on the pattern recommended by the Raj Committee on steel distribution;
(b) greater incentives and supplies of inputs to the farmer;
(c) further stepping up of the growth of merchant shipping; and,
(d) getting foreign collaboration, on difficult terms, if necessary, for the next five to ten years in those basic industries ‘the setting up and good performance of which would substantially reduce our dependence on foreign assistance.

SOURCEThe Economic Weekly
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