The question why the rate of investment in the Indian economy has declined since the mid ’60s, and why it is not picking up are matters of considerable concern to policy makers. Successive Finance Ministers (including the one in the short-¬lived Janata Government) have been pro¬viding various incentives so as to encou¬rage investment in the private sector. But this appears to have had little impact.
Sept-Oct 1981, volume 6, No 2
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