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

A+| A| A-

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.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top