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foreign exchange simply to feed her people and to keep her
teztile mills operating on a minimum basis. As a result,
very little capital is available, for essential industrial
expansion.
8. No country is doing more than India in proportion
to its resources to help itself. India's budget is balanced.
The rupee is one of the sounder currencies in the world.
The Indian Five Year Plan objectives, which are supposed
to be met by April 1, 1956, call for the production of
sufficient food and cotton to make the Indian people self-
supporting and to free their foreign exchange for the
development of higher living standards through increased
industrial production. Because of the extreme inefficiency
of Indian agriculture, these objectives can be readily met only
if the necessary resources are available. The program calls
for a three point effort.
a. Through the development of 144 multi-purpose
river valley projects, the digging of thousands of tube wells,
shallow wells and the expansion of present irrigation systems,
the Indian Government is striving to place 16 million
additional acres under irrigation by 1956--an increase of
à
thirty percent.
b. Through malaria control, jungle clearance and
the climination of crop-destroying weeds, the Indian Govern-
ment expects to bring four million additional acres under
cultivation.
C. Through agricultural extension work based on
Horace Holmes: pilot study at Etawah in Uttar Pradesh, the
Indian Government is working to increase the production from
land now under cultivation.
9. This five year program aims at a total annual increase
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"ocrText": "-3-\nforeign exchange simply to feed her people and to keep her\nteztile mills operating on a minimum basis. As a result,\nvery little capital is available, for essential industrial\nexpansion.\n8. No country is doing more than India in proportion\nto its resources to help itself. India's budget is balanced.\nThe rupee is one of the sounder currencies in the world.\nThe Indian Five Year Plan objectives, which are supposed\nto be met by April 1, 1956, call for the production of\nsufficient food and cotton to make the Indian people self-\nsupporting and to free their foreign exchange for the\ndevelopment of higher living standards through increased\nindustrial production. Because of the extreme inefficiency\nof Indian agriculture, these objectives can be readily met only\nif the necessary resources are available. The program calls\nfor a three point effort.\na. Through the development of 144 multi-purpose\nriver valley projects, the digging of thousands of tube wells,\nshallow wells and the expansion of present irrigation systems,\nthe Indian Government is striving to place 16 million\nadditional acres under irrigation by 1956--an increase of\nà\nthirty percent.\nb. Through malaria control, jungle clearance and\nthe climination of crop-destroying weeds, the Indian Govern-\nment expects to bring four million additional acres under\ncultivation.\nC. Through agricultural extension work based on\nHorace Holmes: pilot study at Etawah in Uttar Pradesh, the\nIndian Government is working to increase the production from\nland now under cultivation.\n9. This five year program aims at a total annual increase"
}