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Economic and Social Survey of Asia and the Far East 1957

image of Economic and Social Survey of Asia and the Far East 1957

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

English

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Planned development in a mixed economy (India)

In the spring of 1957, India entered its seventh year of economic planning and the second year of its second five-year plan. Unlike the first five-year plan, which had taken time to gather momentum, the second plan got off to a quick start. It was also larger in magnitude than the first, and different in content, with a pronounced emphasis on the development of basic industries by the State. Strains of various kinds therefore became evident in the Indian economy in 1957, to an extent that had not been witnessed before in the country since it embarked on planned development.

English

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