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

NEW DELHI-Investment Refuses to Oblige

January 22, 1977 with the Soviet Union on the management of the world and the second was to prevent national liberation wars. Kissinger's contribution lay in emphasising that the two need not be seen as related phenomena. He was clever enough to see and bold enough tacitly to admit that the growth and strengthening of a liberation movement in any particular area might owe something to Lenin but very little to present-day Soviet Union. In short, his policy was to treat these problems as something which could be talked over with the Soviet Union. Where talking with the Soviet Union would not help, nothing would help anyway. The detente with the Soviet Union was not to be sacrificed to achieve something which, in any THE hopes and expectations of a major thrust forward in investment and growth which were entertained in official quarters at the time of the presentation of last year's budget are somewhat subdued now as exercises on the budget for the next financial year are under way. The path of economic revival has evidently turned out to be more complex and arduous than was earlier assumed. There was even talk in high quarters some weeks ago about postponing the presentation of the budget from the conventional last day of February to gain more time for sorting out problems. But it appears that this idea was given up as inappropriate at a time when it was claimed that steps were being taken at the political plane for what is called relaxation of the emergency. This does not, of course, make the task of the finance ministry any easier.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

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.

Back to Top