By staying within the British Empire, India will remain a source of raw material and market of their manifactured goods, as the leadership of Asia is not competent enough to chekmate the intrigues of Anglo-American Imperialism. There is a clear evidence of weakness of Indian leadership, regarding the huge waste of Sterling balances of about Rs I750 Crorers or about $5000 millions, for importing the food, manifactured goods, buying naval ships, armaments and huge military waste. The imports of food, manifactured goods and armaments is still kept up and through foreign loans, India will become a debtor nation as ususual, however at the end of the second world war India was a creditor nation. If these sterling balances[unclear] were used for the ecnomic developments of the nation through the planned national economy, nationalization of means of production and distribution, India by this time would have become ecnomically self sufficient, gainfully employing all of her peoples.
