Book Review of The Development of Social Overhead Capital in India, 1950-60.
A review of J. M. Healey's book, [The] [Development of Social Overhead Capital] [in India, 1950-60,] 1965. The reviewer believes the book fills an important gap in studies on Indian economic development because it systematically looks at the economics of public overhead investment. Three specific sectors of investment--irrigation, power, and railway and road transport--are analyzed in detail. The results reveal a low rate of financial re- turn to the government. Reasons for the apparently uneconomic investment program are discussed. Effects of the program on employment are also considered. 4 pp.