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Thursday, January 08, 2009

T.V. Jayaprakash

The effectiveness of the steps taken by the Government of India and the Central Bank to solve the problems in the monetary, infrastructure and export sectors could be recognized first through increase in demand for capital goods.

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1 Comments:

At 10:22 PM, Blogger padmaja said...

The effectiveness of the steps taken by the Government of India and the Central Bank to solve the problems in the monetary, infrastructure and export sectors could be recognized first through increase in demand for capital goods.
There is a revival of the industries. Increase in investment leads to increase in employment and income. Demand for goods and services leads to rise in prices and profits. The multiplier effect leads to further investment, production, income and savings.
Expectations improve and optimism develops. Stock markets become more sensitive. Bank loans and demand for credit increase.
Increased economic activity leads to alround stability of output, wages, prices and income.
All the factors of production are fully employed leading to high level of output, trade, effective demand, employment, income and heavy investment in durable capital goods industries.
To sum up, there is positive change in average duration of employment. Agriculture also improves as a result of growth in other sectors. Equitable distribution of wealth is there.
It is to be ensured that the total income of the richest few, say the top 20 per cent, is not greater than the total income of the lower majority.

T.V. JAYAPRAKASH
PALAKKAD.

 

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