India

The year under review saw Indian Second Five-Year Plan (1956/57 to 1960/61) in process of gestation; simultaneously short-term problems would seem to have receded into the background. The continuing decline in agricultural prices, which caused anxiety for more than a year, appears to have been arrested, and prices of agricultural commodities, including food articles, have recovered since about the middle of 1955. With increased government outlays on development, increasing assistance to cottage and small-scale industries, extension of social welfare facilities, community development and national extension services, the sharp increase in unemployment over the past two or three years appears now to have been halted, and there is evidence also of some increase in urban employment offered by government and private industry.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities