Professor Bauer's book, first published in 1961, reviews the major
elements of contemporary official Indian development policy,
considers their economic implications and their probable political
and economic results. He then examines alternative approaches to
the promotion of development. The development plans, notably the
Second Five Year Plan and the official outlines of the Third Plan,
receive major attention, but the author also considers other
official policies and measures affecting economic development,
which do not usually figure prominently in the formal development
plans. Specific themes which Professor Bauer considers are: the
influence of social customs and attitudes on economic progress; the
relationship between investment expenditure and economic
development; inter-relationships between agriculture and industry;
the heavy industry programme; the controls over the private
section; the relation of Plan finance to the foreign exchange
crisis; the role of foreign aid; and the importance of certain
major political objectives.
General
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