Search

Presents information related to several abstracts on economics published in the April 1962 issue of the journal 'The Indian Economic Journal.' Applicability and limitations of economic development theory; Tax resources in the third plan in India; Economic growth and price level in the American economy; Co-operative farming, investment and organizational problems in agriculture.

This is a comprehensive look at big business and marketing in India, stressing the social and economic differences between East and West. India's passion for education, research, and modernization as well as her yearning for the past have conflicting influences. [ABSTRACT FROM AUTHOR]

The article discusses problems of economic growth in the poorer nations that became a major foreign policy concern of the wealthy and powerful nations of the world. The relative progress in the development of the two countries, India and China, is of great significance. There were strong parallels in their preplan structure and strong contrasts between China's totalitarian and India's democratic programs. Their performance relative to one another may influence the programs adopted by other, now less advanced, countries. It will certainly bear upon the United States and Soviet foreign policies. Furthermore, the record of the course of development in these two lands provides a unique opportunity for examining the process of development as such. Structural unemployment, underutilized resources, overurbanization, nonmonetized savings and investment flows-these are illustrative of the types of problems that must be understood and treated if there are to be steady output gains in most of today's underdeveloped areas.

This article presents a study which examined growth patterns across the regions of India by utilizing data from its economy. It has been possible to identify growth patterns among the different regions in India using the same analytical framework as applied to the study of growth patterns using international cross-section data. Interregional growth patterns display the same qualitative characteristics as international growth patterns. While the normal equations estimated in this study provide a satisfactory explanation for the changing structure of production and over time prediction, more satisfactory normal equations should be estimated. This, of course, means using additional explanatory variables, particularly those relating to the role of capital formation and interregional trade. A combination of cross-section and time series data is a meaningful way to study growth patterns. More work needs to be done based on time series data. The importance of size classification of the states is firmly established. This is in conformity with the findings from the use of international cross-section data. It is clear that even within the same country the size of different states cannot be ignored.