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

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Estimates of Black Income-A Critique of Gutmann Method

A Critique of Gutmann Method J C Sandesara The Gutmann method based on a certain manipidations of components of money supply yields negative estimates of black income in India for a fairly long recent period. Clearly, the assumptions of the method are irrelevant in the Indian context and the method is too simplistic.

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