India: Best Year Ever

As Red China's regimented economy faltered, India reported its best economic year in history. Industrial production rose 15% over the 1959 industrial index of 151.9. The harvest is the biggest in Indian history.

Significantly, most of the industrial rise came from the private sector of business, which many of Nehru's socialist-minded planners tend to slight in favor of "public sector" state enterprises. New products manufactured domestically for the first time ranged from chemicals to portable typewriters. Biggest rise in production was recorded by the automobile industry, which turned out 52,115 vehicles in 1960 as compared with 36,923 in 1959. More than...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!