SEMAINE D'ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 1113 
TABLE 2 
Steel requirements for transport equipment industry in 1970 
ndustries 
[. Steam locomotives 
2. Electric locomotive 
3. Diesel locomotive- 
1. Wagons . . 
5. Passenger coache 
h. Automobiles 
7. Motor cycles. 
8. Bicycles 
o. Ships (GR” 
tons of rolled steel require. 
production steel required ment in 1970 
target in 1970 per unit of (in thousand 
output tons) 
J 
0 
"5.0 
22.0 
Ny 
RC. Naf 
dv 
nn, € 
5.0 
80.0 
04.0 
« 
Source: Demand for steel, special steel and pig iron. India: 1060-1970 
Perspective Planning Division. Plannine Commission 
The transport equipment industry would thus require about 
[.34 million ton of steel per year. Requirements of other in- 
dustries were estimated in the same way; the grand total for 
'ndustries came to about 8 million tons of rolled metal. 
In other cases a different approach is necessary. The steel 
requirement per rupee of net investment has been estimated 
for different types of activities. For example, the consumption 
of steel is 40 tons per investment of Rs. 100,000 in railways; 
the corresponding figure is so low as only 5 tons in large and 
medium scale irrigation. The total steel requirement for a 
target of investment in the Fourth Plan amounting to 
Rs. 170,000 million can be estimated at 20 or 21 million tons. 
Also, on the basis of the investment outlay for the last 
year of the Fourth Plan, one can estimate the steel require: 
ment at about 5 million tons at the end of the Fourth Plan 
Mahalanobis Il - pag.