Mixed Enterprise as a Tool of Economic Development: India's Contribution.

The article reports that the emergence of modern India as the great neutral and middle-of the- way state in international affairs has somewhat obscured the contribution in the field of economic development which this great country is making. India's Five Year Plan is based on a middle-of-the-road economic philosophy. It views the economy as divided into a public and private sector which share economic activity as equals. Springing from forces deep in the culture of India, this economic philosophy stresses the partnership of public and private sectors, working together in harmony. Moreover, the plan also conceives of "numerous points of contact and interaction between the two sectors" and units worked on the principal of joint participation." In line with this thinking, in the ground between the two sectors, India has made use of some interesting politico-economic devices. The world of the nineteenth century drew a sharp distinction between business and government. Mixed enterprise is treated by many Western writers, especially in the Anglo-Saxon countries, as simply a vague case of nationalized industry, not essentially different from the case where the public authority held all claims to ownership.