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

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MONEY AND BANKING-Accelerated Monetary Expansion

Accelerated Monetary Expansion MONEY stock M1 grew at an accelerated pace both in absolute amount and in percentage terms during the calendar year 1986. The expansion of Rs 7,009 crore in amount is the largest in the present decade (table 1), While both demand deposits and currency shared in the expansion, the contribution of demand deposits at 62 per cent as compared with 48 per cent last year is the largest since 1981. Demand deposits rose by Rs 4,348 crore or 24.2 per cent as compared with Rs 2,646 crore or 13.9 per cent last year. Currency expanded by Rs 2/714 crore or 11.3 per cent during 1986

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