India's five greatest problems, Jawaharlal Nehru once remarked, are land, water, cows, capital and babies. To deal with them, he launched India's First Five-Year Plan, which has coped fairly well with the first three. But the shortage of capital to create jobs and necessities for an enormous and fast-growing population has not been solved, and Prime Minister Nehru is impatient for a solution.
"We cannot wait," says he. "That is the difficulty. We have to think in terms of large schemes of social engineering, not petty reforms." India's First Five-Year Plan still has six...
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