Word: nehru
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Dates: during 1950-1959
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India's Prime Minister Jawaharlal Nehru is not used to heckling. But the audience he faced day after day in New Delhi's Parliament House was the most critical he had faced for years. For India's vaunted $10.8 billion second five-year plan, launched with high hopes last year as an answer to India's ancient poverty, was in desperate trouble, and every legislator was demanding: "What do we do now?" Nehru had no answer, except to insist that "the basic structure" of the five-year plan would be carried out. Demanded the M.P.s...
...these arrangements, firm and tentative, would at best net India $700 million. But to pay for the imported steel and equipment needed to complete even the hard core of the plan, India must have still another $500 million to $600 million in foreign aid within the next 18 months. Nehru makes no secret of the fact that he is looking to the U.S. to fill this...
...India is a flabby giant. Only one Indian in six is literate, and in the nation's 500,000 villages there are only 300,000 schools. Per capita income is $59 a year (v. $237 in Japan, $2,013 in the U.S.). Nehru remarked not long ago that nearly 75% of the electric power generated in India is produced by burning cow dung...
...Muscle Builders. Ever since the dawn of independence in 1947, Nehru and his government have been working to strengthen India's economic muscles. Between 1951 and 1956, India's $5 billion first five-year plan increased the country's total agricultural output 18%. With the second five-year plan, New Delhi's economists hoped to raise per capita income to $69 a year, and double electric power output. Above all, they planned to treble steel production, thereby give India the heavy industry that all the world's underdeveloped nations yearn for as the badge...
...Socialist bias of Nehru's political philosophy, which expressed itself two months ago in a tax on capital assets, discourages private industry, foreign and domestic. Said leading Indian Industrialist G. D. Birla: "As things stand now, there is not the slightest possibility of raising any sizable capital in India...