Dhananjaya Rao Gadgil, a major contributor to the development of economics in India, wanted austerity in public expenditure, primarily, through a relatively lower level of salaries and wages for individual servants, reminisces P. R. Brahmananda in an introductory essay included by Sulabha Brahme in ‘The Indian Economy: Problems and prospects’ (www.oup.com). “He believed that the wages and salaries in the public sector had a powerful influence in fixing wages and salaries in industry, business, trade, and finance. He wanted the disparity ratio to be kept as low as possible.”
Another point that Brahmananda mentions is that D. R. Gadgil did not want primarily an anti-poverty programme in terms of distribution. “He wanted a large number of productive and related measures with activities focused in rural and agricultural areas, supported and, if necessary, subsidised by the state.”
Among the ‘selected writings of D. R. Gadgil’ compiled in the book is one on ‘public interest and big business,’ where there is an ominous statement that high inequality is explosive, not creative. “Severe restraint on wasteful consumption through an overall ceiling on incomes, channelling all savings in the modern sector through public agencies, overhauling the structure of administrative services, and the operation of administrative machinery, are among the many reforms that have to be undertaken to achieve rapid and peaceful progress,” reads a nugget of Gadgil’s wisdom, delivered through a convocation address at the Nagpur University on January 20, 1962.
Another point that Brahmananda mentions is that D. R. Gadgil did not want primarily an anti-poverty programme in terms of distribution. “He wanted a large number of productive and related measures with activities focused in rural and agricultural areas, supported and, if necessary, subsidised by the state.”
Among the ‘selected writings of D. R. Gadgil’ compiled in the book is one on ‘public interest and big business,’ where there is an ominous statement that high inequality is explosive, not creative. “Severe restraint on wasteful consumption through an overall ceiling on incomes, channelling all savings in the modern sector through public agencies, overhauling the structure of administrative services, and the operation of administrative machinery, are among the many reforms that have to be undertaken to achieve rapid and peaceful progress,” reads a nugget of Gadgil’s wisdom, delivered through a convocation address at the Nagpur University on January 20, 1962.
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