Hrinum Kritwa, Ghritam Pivet

Hrinum Kritwa, Ghritam Pivet Arun Ghosh There is a real danger that in a few years the Indian economy would get deadlocked with large investment needs but without the requisite domestic savings and the prospects of external savings also drying up, A point of no return would then be reached when domestic borrowings would fall to provide any net resources to government and the only recourse would be open-ended deficit financing with consequent hyper-inflation.