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

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Indian Economy since Independence

Indian Economy since Independence V M Dandekar This paper discusses some of the problems of development of a poor and populous country like India wanting to remain a democracy. Economic growth is inadequate and much of it has been neutralised by population. Economic development, financed mainly by borrowing, both internal and external, does not create sufficient funds to repay the loans and the burden of debt grows. Deficit financing generates inflationary pressures causing not only economic debility but also political instability Sectoral and regional disparities grow and become politically untenable. Most probably these problems wilt remain as India enters the 21st Century.

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