The best of Bhavan's Journal 1954 - 2003.
It is a small sample of the Bhavan's Journal's half century of life in print. It gives but a runaway glimpse of the past.
  Read on
It is read by the young and the old, the rich and the poor, men, women and children. It is bought because it speaks the spiritual language and represents the collective wisdom of centuries.
  Read on
We have various options for advertising in Bhavan's Journal.
For more details and Rate Card.
  Click Here
The best of Bhavan's Journal: 1954 - 2003
Back To  List of Articles

Privatise, Or Decay
J.R.D. Tata
(Published in 1970 Annual Number)
The most tragic aspect of India’s economic life is the slow repudiation, in the name of socialism, of a wisely chosen policy of mixed economy as the pattern for industrial development, bewails Shri J.R.D. Tata.
Today, the reputation and image of private enterprise is far from being commensurate with its massive contribution to India’s industrial and economic development during the last half century. To those who believe in private enterprise and are anxious to work for the economic revival of our country, such a state of affairs is of serious and deep concern and frustration. A more serious consequence, however, is that as a result of the suspicion and hostility which this poor image of the Private Sector has generated in the minds of Government and Parliament, it is being increasingly denied the opportunities to play the full part of which it is capable, along with the Public Sector, in developing the country’s economy.
As a result, many sound projects of importance put forward by honest, competent and resourceful companies are being frustrated to the detriment of the economic development .
We stand today on the threshold of the second development decade, in which Indian industry in both sectors will face a most challenging and difficult task. It is clear that if the present situation persists into the seventies and we are subjected to even greater restraints than we are today, it will be impossible for us to meet this great national challenge.
The sixties’ decade has been a disappointing one. India will have failed by a wide margin to achieve the target 5% rate of growth set before her and 67 other developing countries by the U.N. Most disappointing of all will be the fact that our per capita income will have increased by less than 1% per year and continues to be perhaps the lowest in the world.
The decade was by no means one of unmitigated failure and was marked by some significant achievements. Perhaps the happiest event of the sixties was the beginning of the Green Revolution, and the consequent failure of the prediction by some world experts that famine would grip India in the seventies.


Next Page
This issue is now available online. Read the entire magazine online
We add the Journal on 1st and 15th of every month.
Read it.
Collect it.

Preserve it
For future generations
Subscription Form
Give Your Friends -
Subscription to Bhavan's Journal
as Special Gift.
Gift Subscription Form  
  Bhavan's Books   Periodicals   Our Websites   Bhavan's (H.O), Mumbai
Online Bookstore
Locate A Store
Book Enquiry
Bhavan's Journal
Bhavan's Navneet
Navneet Samarpan (Gujarati)
Bharatiya Vidya
Astrological Journal
Gandhi Institute Website
Bhavans Kala Kendra
Bharatiya Sangeet & Nartan Shikhsapeeth
Jyotish Bharati
Bhavan's Library
Sanskrit Studies
Forthcoming Events
--: Bhavan - Chowpatty
--: Bhavan - Andheri