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

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Meghalaya-Unpopular Projects

those demanded by the relatively rich and the well-offIf the taxes on these were reduced, the demand for them could be expanded somewhat (though not perhaps so much by a lowering of prices as by making more money available for various forms of high pressure selling). It is a different matter that such cuts in taxes and consequent erosion of government revenues will certainly necessitate further attenuation of programmes and projects which could have some impact on employment and on the incomes of the poor and thus further constrict the demand for mass consumption goods. But then in the era of liberal licensing and free imports, industrialists as much as the government regard it as axiomatic that the impetus to industrial growth has to come from stoking to a fever pitch the consumption pro- clivites of the rich.

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