Indian Development Finance
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Abstract
These two books are among the first publications of a recently established (1959) private Indian economic research foundation. They are companion volumes, published simultaneous with identical prefaces. They are also complementary: one volume reviews the source of investment expenditure for the successive Indian Five Year Plan, while the other deals largely with the factors behind the inflationary forces in recent years in India and with some of the implications of inflation. The principal topics of Resources are the national income and its components; the volume and composition of savings, and the volume and direction of investment expenditure in both the public and the private sector; and the major components of government revenues. Inflation deals primarily with the course of prices, and the extent and implications of deficit finance. Most of the major topics are discussed both in retrospect and in prospect, that is, by reviewing the experience under the first two five year plans, and by trying to assess them for the Third Five Year Plan, which is to run from 1961 to 1966.