Savings, Investment and Growth-Some Questions

Savings, Investment and Growth Some Questions Arun Ghosh It must be an extraordinarily inept government which cannot (a) contain a balance of payments deficit on current account and (b) manage a rapid growth of the economy with a domestic saving rate of more than 24 per cent THE National Accounts Statistics, 1993 (hereafter NAS, 1993) are at long last out and the Advance Estimates of National Income given therein (p 218) indicate an increase in the GNP(at factor cost) in 1992-93 of 4.2 per cent over 1991-92.