This paper traces the causes of the rapid growth of India’s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of...

While Development as Freedom is considered to be one of the objectives of our national economic endeavors, and poverty reduction and fairly balanced regional development are high on the economic agenda, it is well known that our planning and economic policies have failed to produce inclusive...