Subject(s): Industrial development -- foreign Exchange problem -- International Trade Relation -- Economic philosophy of our plan, welfare state -- Plans : First, second and third five year plan -- Structure : Industrial development, power development, railways in plan, chittaranjan locomotive works, planned development of agriculture, river valley projects -- Problems : New company law, foreign exchange problems, food problem, rise in price and inflation, international trade relations, direct tax -- Post-script-new talks : Economic revolution, self sufficiency in agriculture, industrial and labour policies, industrialisation and foreign capital, defence and economic growth, progress of third plan, savings and capital accumulation, tax system