Poised for Growth


1976 for an examination of this claim. He cautions that while the existence of considerable under- utilisation of industrial capacity is a matter for legitimate concern one has to he careful about the estimates offered and even more about the uses to winch they are put. Raj strikes a note of caution with respect to the estimates of underutilised industrial capacity now being put forward and the ''programmatic policy recommendations" based thereon. 6" It ought to lie mentioned, even though in a footnote, that the sector which has shown maximum growth of output in 1975-76 is the public sector. Coal output has risen, in two years, by 25 per cent. In the current year, the power system is expected to register an increase in output of 12 per cent- Also. public sector units in general have shown a distinct improvement in output. So the lead in improvement this year can be attributed to the public sector.