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

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THE ECONOMY-Growth by Inflation

January 21, 1978 WE see to he caught in a paradox : in spite of a massive stockpiling of commodities and foreign exchange reserves the Government finds that it is unable to step up its investment because of Jack of financial resources. But everyone is getting disenchanted with this: the business lobby is unhappy at the sluggish demand conditions; they want a step up in public expenditure. And we have several experts recommending the same: step up the public investment if necessary with a dose of deficit financing

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