History of Dharmashastra (Ancient and Mediaeval Religious and Civil Law in India) v7.c96.s2.87

v7.c96.s2.87

It is not necessary to go into other details. The loans are repayable at different dates, some being repayable in forty years and some carrying a very low rate of interest. It may, however, be noted that out of about 4000 million dollars aid to India since Independence over half has been in the form of P. L. 480 Food for commodities. The Food Minister of India, Mr. S. K. Patil, assures us, however, that India would become completely self-sufficient in food by the end of the Third Five Year Plan and points out that during the last decade, foodgrain production in India rose from 50 to 80 million tons a year, an increase of 60 per cent. But it should not be forgotten that the population of India in the same ten years increased by about 22 per cent over the population in 1951.