25>. JSSION 
SCHNEIDER 
I quite agree that, as you say, planning is necessary for under 
developed countries. But: is it necessary because you want to have 
a development in a very short time, or because you believe that a 
market system would not function in India, or is it both? 
MAHALANOBIS 
[ think that the answer is that a market system has not been 
tound sufficient even in the U.S.A. where the largest volume of 
production is of free enterprise. The Anti-Trust Law was introduced 
about 60 years ago. The Agricultural Adjustment Act came, I be- 
lieve, about 30 years ago. In the underdeveloped countries it is not 
possible to rely on the market system alone for improving the con- 
ditions of those who are now underfed. Also, disparities between 
countries are increasing because of the faster progress of industriali- 
sation which has taken place and is continuing to take place in the 
advanced countries. We can not wait for another hundred years 
for economic development through the market system alone; we must 
try to introduce other methods. 
Also, there is increasing interlocking of international affairs with 
domestic affairs. I was happy this time during my visit to ihe U.S.A., 
.,. Mahalanobis Il - pag. 3: