Word: venkataraman
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Dates: during 1950-1959
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...compare India's economic progress with China's, you will find that India is filling her needs much faster than China," said R. Venkataraman, high official in Madras, India, visiting here this weekend. "Furthermore, China and the Soviet Union never broadcast quantitative statistics, they give you percentages instead...
...Venkataraman is Minister for Industries, Labour, Cooperation, Housing and Slum Clearance, Clearance and Commercial Taxes in Madras and a former M.P. "In most cases, an Indian politician would rather be a state official than a Member of Parliament," he commented...
Madras has a relatively modern industrial and power structure left over from the days of British rule. Venkataraman is currently trying to take advantage of a large deposit of bauxite in the area...
...Venkataraman stresses the importance of the Community Development Plan in India's economic success. "Community volunteers are an important part of the government. A village agrees to provide 25 percent of the materials for a school or hospital, and the government does the rest. Now it has gotten so we can't keep up with the villages' initiative...
...rural areas, Indians are beginning to accumulate surpluses for capital. "Before, we lent money and only 'got it back,' Venkataraman said. "The Chinese and Russians get surpluses by exploitation--you can't do that in India...