ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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On the Eve of the Election

and familiar remedies acquire new dimensions which 'can no longer be ignored. Secondly, the idea of planned development has become part of the social ethos in this country as elsewhere and it is futile to assume that solutions can be, or will be, sought except in the form of a we systematic guidance of the economy. Nobody seriously believes that our problems can be solved by the State withdrawing from the economic field. But, equally, 'the expectation is that the planning we adopt should be one which does not bureaucratise everything. Just as free-play to private vested interests is not socially acceptable, bureaucratic inefficiency and corruption are anathema to the general public. And, finally, the Plans that we formulate hereafter will be against the background of larger and more uncertain defence liabilities than in the past. How precisely this uncertainty can be converted into a calculated risk goes beyond economic questions. Nevertheless, it will remain an additional element in the allocation of national resources that we may opt for.

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