Walter C. Neale

Economic Accounting and Family Farming in India

It is widely realized in India, as elsewhere, that planning for economic development and the creation of a socialistic society require the collection of information and statistical data on a large scale. Since 70 percent of the people in India live by agriculture and the country as a whole barely feeds itself, planned development clearly calls for data on the present state of the agricultural economy, both as a benchmark for measuring the needs and the successes of the Plans and as keys to which measures of development are likely to be most fruitful.