Abstract

                                The National Plan may involve deficit financing of 200 crores if no further foreign assistance is forthcoming. In the State Plan, the propor- tion of prospective items is even larger. Nonetheless, it is criticised that the finances of the plan are of a small order, the total increase in expenditure being stated by the Commission to be an increase of only 10 per cent of the current year's figures, as against an increase of 100 per cent which has taken place since 1947. It is argued that from such expenditure the "sensation of change", which the Prime Minister con- sidered necessary to transform the attitude of the people, cannot be expected.

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