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dated December 1, 1957: Economic revolution

Prime Minister Nehru declared on November 29 that the pace of the social and economic revolution which India was going through at present should be speeded up. This revolution, which had come at the end of an almost completed political revolution, was now proceeding at a slow pace, he said. The immediate need was to increase production. Mr. Nehru, who was inaugurating the silver jubilee celebrations of the Merchants Chamber of U.P. in Kanpur, referred to the Second Five-Year Plan, which, he said, would have to be completed at any cost. More trained personnel and foreign aid to span the foreign exchange gap were needed, he said. He was hopeful that India would get such foreign aid. Mr. Nehru said conditions facing India at the achievement of Independence were different from those of European countries. There political revolution was preceded by an economic revolution. But in India freedom had come at a time when people’s demands were great and there were not sufficient resources to fulfil them.

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