Inter-structural developments in the Indian Economy

Abstract

As premier, Nehru decided on a planned economy of two sectors: a public sector to deal with heavys and basic industries and a private sector to deal with other industries. However, as there was no clear dividing line, a third sector – the joint sector – emerged. Raza Ali argues that the joint sector favours the private rather than the public sector, but that this should change to serve the national objectives. To do this, an integrated approach to the problems of economic growth and equitable distribution is needed. The book is designed to help guide Indian economics in finding a way out of the crisis (1974).