“Planning is to be based on the democratic approach and method. There should, therefore, be definite place for voluntary effort…a substantial advance should be made towards solving the problems of unemployment. At the same a large increase is the supply of consumer goods should be secured through cottage and small scale industries…The Socialist pattern implies a large and growing public sector in the national economy…And economy based on the socialistic pattern does not preclude the existence of a private sector, particularly in agriculture and small scale industries…In the public and private sectors alike, the relations of workers to management should be such as would give to them a distinctive role and a share in the making of decisions affecting the enterprise…In any case, a series of measures will have to be adopted to eliminate speculative and unearned gains…Special attention will have to be given to the elimination of conspicuous consumption…”
As Panning Minister drafting the Second Fiver Year Plan, in 1955, p. 49.
Gulzarilal Nanda: A Life in the Service of the People
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