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

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Income Shifts and the Recession-A Rejoinder

Income Shifts and the Recession A Rejoinder IN his comment (August 31, 1968, pp 1341) an my article, (Income Shifts as a Factor in the Recession, Economic and Political Weekly, July 27, pp 1183-1187), Samuel Paul makes three points: First, that the Government's proportionate share in national income has not fallen; secondly, that the decline in private investment is due to the lower return now available on such investment; and thirdly, that agriculture has not been a source of the decline in demand for industrial goods. I take up these points below.

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