India's Development and Economic Aid

Abstract

India has had an impressive record of economic development since achieving independence in 1947. Despite some problems, the country has probably accomplished more in these 18 years than in any previous century. While foreign assistance has played an important role, India itself has supplied 80 per cent of its own development requirements. India today manufactures equipment ranging from transistors to aircraft. Many Indian industries which formerly depended mainly on imported components now are nearing self-sufficiency. the automobile industry, for example, today makes nearly 85 per cent of the components used in Indian-produced cars and trucks. India today is self-sufficient in production of steam locomotives and passenger and goods wagons; the country exports goods wagons.