NEW DELHI- Up the Pragmatic Road

Special\Number August 1976 NEW DELHI Up the 'Pragmatic' Road B M THE conditions created by the Emergency, the government has claimed, provide vast scope for wide-ranging innovations and initiatives in the field of economic policy and management. There is little doubt that in some ways the economic situation today is much better than it was a year ago and more especially two years ago when inflation was at its peak and had created severe strains and uncertainties all round. Inflation has been brought under control, though, as the erratic behaviour of prices in the first quarter of the current 'nancial year showed, inflationary forces in the economy have not yet been entirely eliminated.