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

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A Policy Frame for Self-Reliance

A Policy Frame for Self-Reliance Bimal Jalan The purpose of this paper is twofold. Firstly, it is an attempt to develop an analytical framework for consideration of appropriate policies for premature Self-reliance in a developing economy, dependent on foreign aid to finance part of its planned deficit in external payments or investment requirements. The need for such an analytical framework arises because while all developing countries frequently profess their anxiety to achieve self-reliance as soon as possible, none has tried to define this objective in an operationally meaningful way or attempted to devise a policy frame which would make the objective credible either to themselves or to their benefactors. The second object of this paper is to examine the issue of self-reliance in the wake of suspension of United States aid to India, particularly with reference to the Fourth Plan

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