University Planning Forums Proceedings of the Seminar on Approach to the Third Five Year Plan Held at New Delhi in December, 1958

Abstract

The Seminar on the Approach to the Third Five-Year Plan, held in December 1958 during the Second All-India Conference of Planning Forums, gathered economists, university delegations, and government advisors to discuss India’s economic strategy. Key discussions emphasized balancing agricultural and industrial growth, controlling inflation, augmenting domestic savings, and fostering employment through public and private sector collaboration. Experts highlighted the need for long-term capital formation, efficient management of state enterprises, and sustainable resource mobilization, while addressing income inequalities and enhancing social services such as universal education. The seminar underscored challenges posed by underdevelopment, inflation, and reliance on foreign capital, advocating for innovative, community-inclusive planning. The proceedings collectively framed the Third Plan as an opportunity to strategically advance India’s economic development while aligning policy goals with societal aspirations.