Briefly, as for many other nation-states concerned directly with the planning exercise or indirectly through appropriate policy measures, a unification of the concepts of growth and development on the point of economic growth defined India’s objective and the strategy of planning. As a result, it could not but yield a simplified but distorted sequential equation which may be written as: Growth = Economic Growth = Economic Development + A self-generating process in society, corrected (as necessary) by non-economic tactics and targets = An overall development and growth of society toward the realization of the four cardinal values for humankind – survival, security, material prosperity, and mental progress. Nehru’s vision of ‘industrial development … as a matter of mathematical formula’ and his expectation that ‘certain exact conclusions follows almost as a matter of course’ would be logically derived from the above equation of growth and development in the context of society as a whole.