Trevor Swan and Indian Planning: The Lessons of 1958/59

Trevor Swan is commonly considered to be Australia’s most distinguished economist. As part of
a visiting professorship at MIT during 1958-59 he spent nine months in India to assist in the
formulation of India’s third five year plan and to contribute to the development of India’s
premier research institutions. This paper provides an account of his work in New Delhi. Swan’s
closest associates were Pitambar Pant from the Indian Planning Commission and Ian Little who
was visiting from Oxford. Swan was of the view that India’s economic problems should be
clearly understood and the best policy measures to address these should be devised. This varied
considerably from the practice of central planning and state control being practiced in India at
that time. Swan was unable to influence the direction of economic policy in India but the
economy’s subsequent performance would vindicate Swan’s views on how economic
development policy should have been conducted.