NEED for review of monetary and fiscal policies.
- 1995
- p.1348-354
- 10 Jun
At the root of the current chaotic conditions in the financial system in general and the money market in particular are the unplanned borrowings by the government to finance its revenue deficit. The size of domestic saving is simply not enough to finance such large borrowings without starving productive sectors of institutional credit. What is called for is nothing less than a total reappraisal of monetary and field policies
Devaluation of currency - India India - Economic policy Monetary policy - India