ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Income Shifts as a Factor in the Recession

There has been a marked shift in distribution of income in favour of the agricultural sector after 1962-63. Since agriculture is taxed relatively less than industry, this has adversely affected Government revenues. In other words, the change in distribution of income has had the effect of reducing, relatively speaking, purchasing power in the hands of government and the non-agricultural sector.

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