The contemporary Indian scene is exciting. Of immediate relevance to the present article are two basic aspects of the evolving situation in India. First is the fact that there is in process, for anyone to see, a deliberate effort to raise living standards. The government of independent India articulated a framework for economic expansion almost a decade ago, at about the time that President Truman dramatically injected the problems of economic development in the arena of international affairs. Since then India has been proceeding with development activity more or less within this framework.