investment in the economy, pressure to use up aid through larger imports must result to a lesser or greater degree in substitution of domestic production by imports, aggravating thereby the already severe capacity utilisation problem facing many capital goods industries.
To read the full text Login
New 3 Month Subscription
to Digital Archives at
₹826for India
$50for overseas users
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.