- Book Reviews
- Special Articles
- Web Exclusives
Role of Public and Private Sectors in India s Development-Selected Simulations from a Macroeconometric Model
Development Selected Simulations from a Macroeconometric Model Kalyan Raipuria Rajesh Mehta The authors'analysis shows that the present discussion in the country on the role of the public and private sectors in the economy is misplaced. While the public sector needs reforms, the possibilities of substitution by the private sector are extremely limited given the stage and the structure of the economy. The strategy of their complementary roles in promoting the growth of the economy remains valid. While there is scope for improving the production function of both the sectors, the channels and instruments of increasing the role of the private sector in the non-agricultural sector need careful consideration if changes are not to lead to crises of growth and balance of payments.
Subscribe Now !
Get instant access to the complete EPW archives
New 3-Month Subscription to Digital Archives at just Rs 350 for India and $15 for overseas users.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.