Many of our problems are increasing because our perception of development is not balanced. It does not take into consideration balanced development. The concept of development is unbalanced. Hence, no one is benefiting from this development and many problems are arising out of it. When the development of moral and spiritual values and material development go together, it will naturally lead to balanced development. We have propounded a principle of development, which proposes a quadrangular plan consisting of material development, economic development, moral development and spiritual development. It constitutes the balanced development in which man can live happily and peacefully. Where there is only economic development, intellectual development and moral development are neglected. If the development of spiritual values is lost sight of, man lives incomplete life. Then we will discover an unprecedented spurt in our ambitions, cravings, competition and rivalry. Today we see competition and rivalry galore.