MAHAL ANOBT

[ am practically in agreement with all the points made in thi
paper. I should just stress two or three points which seem to me {uv
de of particular importance. Firstly, industrialisation as an essential
condition for improvement of agricultural production. There has
been a lot of unnecessary controversy in a country like India by
raising the question which must you emphasise more, industry or
agriculture? Both of course; there is no conflict between industry
and agriculture. It is a simple but an extremely important point.
Secondly, I was very much interested to see, on page 19, the
sstimate of rate of growth of 3.5 per cent to 4 per cent in agriculture;
such a rate of growth is absolutely necessary for economic development.
 In India it is necessary to have a rate of growth of the order
of 7 per cent per year for the economy as a-whole. With population
increasing more than two per cent per year, the per capita income
would increase at the rate of 5 per cent per year and would double
roughly in 15 years which would give some cause for hope. To
achieve this it is necessary to have a rate of growth of the order of
4 per cent per year for agriculture.
I should also entirely agree that demand estimates can be extremely
 useful; we have found this in India. In calculating income
statistics, we have used a special method of arranging ‘he sample

Johnson - pag.