Articles by Arthagnani

for political purposes, and it is inconceivable that either the Soviet Union or China will cease to take a keen interest in the affairs of almost every part of Asia. In fact, the Soviet Union is now in a position to back up its interest in Asia with its newly acquired power. The process of realignment of forces in the work! also allows Moscow a bigger role in this continent.

Industry Grinding to a Halt Arthagnani THE growth of industrial production has shown a marked tendency to slow down over the last two years. The rate of increase of the industrial production index (1960 = 100) which had been 7.1 per cent in 1969 declined to 4.5 per cent in 1970 and to 1.8 per cent in the first five months of 1971. Available indicators suggest that this slow-down has continued in the subsequent months of 1971.

The Reorganised Planning Commission: A Study in the Implementation of Administrative Reforms by H K Paranjape; Indian Institute of Public Administration; 1970; pp viii + 58; Rs 5.

Conflicts of Trade and Development Arthagnani Economic Problems of Export-Dependent Countries The Implications of Economic Control and of Liberalisation, Being Part One of the Economic Survey of Asia and the Far East, 1968.

Profligate Ignorance Arthagnani THE World Bank is making an assessment of foreign aid needs for the coming year, and the aid club has scheduled a meeting in Paris in May next At the time of devaluation, India had a large volume of aid in the pipeline, estimated at about $ 2,500 million as on March 31, 1966. Devaluation did not throw open the floodgates of foreign aid nor, for that matter, of exports. Government had hitched on a nice round figure of $ 1 billion, which was reduced in more trying times, to $ 900 million. The genesis of this figure remains obscure to this day. It has been based neither on any cash flow estimates of the foreign exchange budget nor on the actual needs of various sectors of the economy.