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

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Can a Tight Monetary Policy Make Up for a Weak Budget

Can a Tight Monetary Policy Make Up for a Weak Budget? Arun Ghosh The credit policy just announced now appears to be concerned primarily with containing inflation, not with providing adequate credit for the 'restructuring of the industrial economy'. For, the impact of the credit policy will be to raise the costs of production of infrastructure services and of key intermediates thus increasing industrial costs generally. This in turn would adversely affect exports of all manufactured goods.

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