Prime Minister: Jawaharlal Nehru

The Age Of Stars

Partition, planning, aid consortia and nationalised banks.

Vol. LXXXThe edition of 1954 · The Planned Republic4 records

Prime Minister: Jawaharlal Nehru
President: Rajendra Prasad
Finance Minister: C. D. Deshmukh
RBI Governor: Benegal Rama Rau

Bank Rate

3.5%

unchanged on 1953

Arabian Light

$1.93

unchanged on 1953

Southeast Asia

Indochina / Vietnam War (incl. US phase 1965–73)

India chaired the International Control Commission (ICSC) from 1954. Economic effect was indirect: US aid politics (PL-480 "short tether" 1965–67 overlapped Indian criticism of US bombing), plus the late-1960s US inflation and dollar strain that ended in the 1971 Nixon shock

ReportedOfficial record. Source: Geneva Accords 1954; FRUS 1964–68 vol. XXV (South Asia)

War & Unrest

2 items

Southeast Asia

Geneva settlement on Indochina; India chairs the International Control Commission

Diplomatic, not material

ReportedPeer-reviewed. Source: general histories

South Asia

Goa: Portuguese blockade / satyagraha; India closes consulate (1955) and cuts Goa off…

Economic blockade of Goa (its iron ore exports ran via Mormugao)

ReportedPeer-reviewed. Source: general histories

The Ledger: what was borrowed in 1954

Full ledger →

Creditor	Instrument	Amount	US$ m	Status	Grade
IBRD	Trombay Power Project (P009592), 1954-11-19	16.2 USD	16.2	Disbursed	verified

Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.

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