First Five Year Plan 1951-56 Summary of Recommendations

Abstract

According to the Plan about 60 per cent of the savings of the community will be channelled through the public sector. Releases of sterling balances will reduce the proportion to 50 per cent. This proportion, even though high, is considered inevitable considering the urgent need for investment in spheres like irrigation, power and transport. Moreover, enlargement of public savings through taxation and through earnings of public undertakings is one of the major means to raise significantly the level of net savings in the country.