ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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RAJASTHAN-Costs of Eradicating Illiteracy

dit for such purposes. Certainly, the but with the prices of wage goods the other costs. current situation is not comparable to what was prevailing in 1974-75. But the so-called demand recession has resulted in a build-up of inventories of a different kind. The implications of this state of affairs is that the use of the interest rate mechanism by itself is not enough to control credit expansion and that, even at the present level of interest rates, credit expansion does not necessarily go into production or investment.

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