Econometrics of Long-Term Growth Trade-Offs with Inflation Yoginder K Alagh G S Guha The design of a growth strategy for a poor country like India calls for an interconnected view of income distribution, monetary policy and employment Also, the design has to be based on the behaviour of the Indian saver, the Indian markets and the productivity of the Indian worker. International trade would accelerate the process, but the great sources of growth lie within Indio, waiting to be unshackled.