1. Agriculture vs. Industry

Many thought that the second Plan lacked an agrarian strategy for development and the stress on industry caused agriculture and rural India to suffer badly. Veteran Gandhian economists like J.C. Kumarappa proposed an alternative blueprint that put greater emphasis on rural industrialisation. The stress on rapid industrialisation required import of technology for which India has to spend precious foreign exchange to buy from global market. It was the industry that attracted more investment than agriculture even asthe possibility of food shortage loomed large.