Economic and Social Survey of Asia and the Far East 1968

image of Economic and Social Survey of Asia and the Far East 1968

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.



Control and liberalization in India

The present chapter attempts an analysis of the impact of the system of economic control in India and of its liberalization on serveral economic variables: the pattern of investment, the efficiency of production, the generation of larger exportable surpluses, the mobilization of savings, the pattern of income distribution and the correction of various short run imbalances between supply and demand in various sectors of the economy. The discussion is confined to the industrial sector of the economy. The impact of the controls on agricultural commodities requires separate treatment. The major instruments of policy which form the system of Indian economic controls, defining each by the area of its immediate impact, include.


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