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

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EXTERNAL DEBT-Growing Reliance ,on Commercial Borrowing

that domestic saving and capital formation rates have consistently declined during the 1980s and have now reached levels which cannot but cause alarm. Gross saving as percentage of GDP at current market prices has fallen from in 1987-88. More significantly, the net

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