Subject(s): Economic conditions -- Economic history -- Economic policy. -- Finance -- Trade -- Agriculture -- Structure of Indian economy -- Developments before 1947 : Historical background, agricultural system, land tenure, money lenders and rural credit, non market system, industrial policy -- Policy after 1947 : Industrial control, agricultural controls and reforms, five year plans, recent policy discussions, recent policy measures -- Impact of planning : Price and employment, investment, planning of industry, power supply, planning transport, social services and small scale industry -- Planning of agriculture : Public sector investment, private sector investment, misguided controls -- Planning of industry : Investment in heavy industry, fashionable assumptions, increased dependance on food imports -- Abuses of planning : illegal incomes from the plans, illegal markets in import license, other sources of illegal income, exploitation of trade controls, smuggled gold -- Trade and foreign aid : Export disincentives, composition of imports, foreign aid and Indian imports, planning's dependance on aid -- Domestic finance : Financing the plans, sources of taxation, impact of agriculture, impact on non-agricultural sector, poverty in India, deficit financing -- Need for markets : Planning monopoly, ineffectual changes, co-ordination through prices