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    1657970484 (1)

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    rahulkartik94
    The document discusses several economic imbalances that have emerged in India from its development efforts over the last decade under the Five Year Plans. Specifically, it mentions that: 1) Economic power is becoming concentrated in fewer hands, which will make equitable development difficult. 2) The imbalance between rural and urban areas is growing, with rapid urbanization occurring but cities unable to handle the congestion. 3) Unemployment has become a serious issue, as each earner has to support more dependents despite real incomes not rising for many. Overall, the document expresses concern that while development progress has been made, the costs in terms of economic imbalances may undermine further progress if not addressed.

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    1657970484 (1)

    Uploaded by

    rahulkartik94
    5 views7 pages
    The document discusses several economic imbalances that have emerged in India from its development efforts over the last decade under the Five Year Plans. Specifically, it mentions that: 1) Economic power is becoming concentrated in fewer hands, which will make equitable development difficult. 2) The imbalance between rural and urban areas is growing, with rapid urbanization occurring but cities unable to handle the congestion. 3) Unemployment has become a serious issue, as each earner has to support more dependents despite real incomes not rising for many. Overall, the document expresses concern that while development progress has been made, the costs in terms of economic imbalances may undermine further progress if not addressed.

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    The document discusses several economic imbalances that have emerged in India from its development efforts over the last decade under the Five Year Plans. Specifically, it mentions that: 1) Economic power is becoming concentrated in fewer hands, which will make equitable development difficult. 2) The imbalance between rural and urban areas is growing, with rapid urbanization occurring but cities unable to handle the congestion. 3) Unemployment has become a serious issue, as each earner has to support more dependents despite real incomes not rising for many. Overall, the document expresses concern that while development progress has been made, the costs in terms of economic imbalances may undermine further progress if not addressed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views7 pages

    1657970484 (1)

    Uploaded by

    rahulkartik94
    The document discusses several economic imbalances that have emerged in India from its development efforts over the last decade under the Five Year Plans. Specifically, it mentions that: 1) Economic power is becoming concentrated in fewer hands, which will make equitable development difficult. 2) The imbalance between rural and urban areas is growing, with rapid urbanization occurring but cities unable to handle the congestion. 3) Unemployment has become a serious issue, as each earner has to support more dependents despite real incomes not rising for many. Overall, the document expresses concern that while development progress has been made, the costs in terms of economic imbalances may undermine further progress if not addressed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Madam Deputy Chairman, from the speeches which the hon.

    Minister for Planning made in this House and in the other House and

    from a perusal of the note which has been circulated to us regarding

    the progress that has been made in the Third Five Year Plan and the

    various statements of the Government and the Planning

    Commission, I have a feeling that the Government of India is trying

    to assuage the feeling of dissatisfaction in the country through

    promises of bright future, promises of better efforts and general

    promise that everything is going to turn out all right and that there

    need not be any fear or anxiety in the country. Madam, while saying

    this, I realise that the country has made certain progress in the

    development of our economy during the last decade. Industrial


    production has increased, agricultural production has increased, the

    productive capacity has been built up and we have also got

    employment opportunities being created. Above all we have gained

    valuable experience in the development of our economy, especially

    in planning, and these are all to the credit side of the Plan.

    Unfortunately, Madam, the price that we have paid for this progress

    is rather heavy. The imbalances that we have created are likely to go

    out of control unless definite steps are taken to see that the

    imbalances are corrected at the earliest opportunity.

    The problem of the distribution of income that is generated as a

    result of the development efforts in the country is a perennial

    question and comes up again and again in one form or the other
    before this House and though I realise that no definite opinion is

    possible unless we have got some authoritative data and analysis on

    the subject, there is clear indication of the fact that if not economic

    wealth, at least economic power, is being concentrated in fewer and

    fewer hands. As long as economic power is concentrated in such few

    hands it will not be possible for us to develop in the manner in which

    we like, whatever may be our regulatory and control apparatus,

    whatever may be our policy, whatever may be the objectives that we

    place before the country. Similarly, the imbalance between the rural

    and the urban sector is also increasing. I do not know whether in the

    rural areas some income has been pumped in as a result of our

    planned development.
    It is possible that the well to do peasants, the richer peasants, might

    have benefitted as a result of our economic development but as far

    as the rural area as a whole is concerned, the disparity and

    imbalance is definitely growing and this also a matter of concern. The

    very fact that urbanisation takes place at such a rapid rate in our

    country is visible proof that the imbalance has been growing with the

    result that neither the urban areas not the rural areas are today in a

    position to live the life that they were living before our planned

    developmental efforts started. Now, there is over-congestion in the

    urban areas; the civic amenities are all on the point of breaking down

    and the continuously break down with the slightest accident here or

    there. The slums are increasing at a rapid rate and unemployment is


    increasing. Whatever may be the figures regarding crimes etc. that

    may be published by the Government, there is definite impression in

    the country that the crime situation is also deteriorating. That is

    because of the congestion in the urban areas. Because of the

    difficulties due to lack of resources, they are unable to deal with the

    problems that arise as a result of this over-congestion and the

    problem of law and order become more acute as a result of this

    urbanisation.

    Thirdly, the question of unemployment has also taken a rather

    serious turn and when the Government Spokesman addresses

    homilies to others regarding the agitation against high prices and

    higher taxes, they completely forget that year by year one earner has
    to support more and more people and we have got the authority of

    no less a person than the Planning Minister himself to say that the

    real income of the earner, at least in the lower income groups, has

    not risen and, in spite of that, that earner has to support a larger and

    larger number of dependants. There is so much dissatisfaction in the

    country that people clamouring against rising prices and rising taxes.

    The Planning Minister has given us a frank picture regarding what

    has happened in the first year of the Third Plan Period and we are

    grateful to him for this frank picture. The figures that he has cited

    have given us a clear idea of what is happening to our economy at

    the present moment. But he has tried to strike a note of optimism.

    He has tried to explain the reasons that are responsible for this state
    of affairs and he has also indicated that the Planning Commission is

    conscious of all these drawbacks.

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