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

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Drop the Bomb

small industry, residential construction, etc. Obviously, the sectoral pattern of saving is incompatible with the pattern of investment envisaged and the Planning Commission's claim to have "specially designed" a scheme of financing of public sector outlay "to serve the objective of growth with stability and promote progress towards self-reliance" falls flat on its lace. In fact, the only way the pattern of saving can be squared with the investment pattern is through either larger foreign assistance (hence the reluctance to do away with PL 480 imports) or deficit financing and a price rise.

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