1110 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
TABLE I 
Investment allocation, capital per worker and 
net outbut-investment ratio 
slan 
ercentage allocation ; ; . 
p of sdlage au for capital net output-investment ratio 
— -- per 
invest- consumer worker 
ment goods (Rs.) 
goods 
invest- consumer total 
ment goods (AiBi+AcPe) 
goods 
m 
8 
Second Plan: 
Draf plan-frame 
(1955) - . . 
Second plan: actual 
(1956-61) . . - 
Third plan: estimate 
(1061-66) . . 39 61 6.000 
0.21 
2C 
0.67 0.51 
0.53 
0.38 
0.63 
0.47 
Many changes were made in the targets and allocations 
of the Draft Plan-frame at the stage of the preparation of the 
Second Plan; the values of the parameters of the Second Plan 
as actually realized and the values given in the Draft Plan- 
frame are therefore not strictly comparable. The interesting 
point to note is that the estimated parameters for the Third 
Plan are fairly close to the parameters used in the Draft Plan- 
frame. 
The rate of investment («,) in the first year of the Second 
Five Year Plan was 9.8 per cent, the initial national income (Y,) 
was Rs. 108.0 billion and the values of the other parameters 
were A; =36%, A, =64%, B;=0.11, B.=0.53, as given in the 
second row of the above table. Using these values in the above 
expression, the estimated national income comes out as 
Rs. 129.7 billion for 1960-61 against an actual figure of 
Rs. 130.1 billion both expressed at 1952-53 prices. In the case 
of the Third Five Year Plan, using the parameters given in 
the third row of the table, an initial income of Rs. 145.0 billion 
(at 1960-61 prices) and an initial rate of investment of II per 
"15] Mahalanobis II - pag. 8