The following booklet titled “Natural Economic Growth is Via Agriculture and Consumer Goods Industries” was published on August 5, 1961, and was authored by Prof. B.R. Shenoy. The author attributes the progress of industrialization to a drastic cut in imports, exchange control, and import restrictions. He brings to attention the enormous price gap between domestic and international prices, which results in the unsaleability of Indian products abroad. In light of such restrictive trade measures, which harm the country’s foreign exchange, the author states that progressive industrialisation is not something to be enthused over. Further, the article also elaborates on the ill effects of forced industrialization and intensive planning on agriculture and employment. Instead of coercive industrial policies, emphasis should be given to agriculture since progress in lighter industries has always preceded the growth in heavy industries. Thus, the author asserts that a pattern of the economic system, where one sector aids another, would make for rapid growth. Further, he mentions that India’s economic planning has been reversed where the development of heavy industries is preceded by that of lighter industries. It appears that instead of rapid economic growth, India’s objective is rapid industrialization which can render the economy more and more vulnerable. Thus, he suggests policy re-orientation where first things receive first attention.