The Second Five Year Plan — Some Methodological Considerations

K S Rao For appropriate developmental planning it is necessary to pool the knowledge of economists, statisticians and other technical experts in different fields, in order to complete the work initiated so brilliantly by Prof Mahalanobis. The scientific approach in the Draft Plan Frame calls for nothing less. The author, one of our leading econometricians, argues persuasively and convincingly for operational studies in order that policy makers may have appropriate scientific criteria for programming of activities, so that instead of purely subjective preferences, policies may be based on observation and valid' inference.