Another dissenter was the Chicago economist Milton Friedman. Visiting India in 1955 at the invitation of the government, he wrote a memorandum setting out his objections to the Mahalanobis model. He thought it too mathematical: obsessed by capital–output ratios, rather than by the development of human capital. He deplored the emphasis in industrial policy on the two extremes – large factories that used too little labour and cottage industries that used too much.
