Deficit financing and development planning

One who cares about India's economic future cannot afford to ignore the complex problems of deficit financing. This study begins a new phase in the most intellectual controversy of this economic generation: the crucial debate of fiscal and monetary policy. With characteristic pungency and simplicity of style, the author challenges the old prejudices and current misconceptions about the conduct of deficit financing in India.

Segregating the study under two heads: "Cause" and "Effect," an exhaustive analysis of major variables asserting their influence on and through deficit financing is presented. Adopting such a treatment, a critical analysis of the key factors is related to the way they are coherently and intimately linked with deficit financing to strive to improve the economy.

Technically withstanding the constraints of the economy, the derived conclusion is out of a fresh interpretation of the facts and theories. The exposition, thus, integrates the understand ing of the "Cause" and "Effect" aspects of deficit financing and opens out a new vista on the Indian economy.