Which Direction and What Atmosphere

Which Direction and What Atmosphere?
K S Krishnaswamy The undertakings given by the finance minister to the IMF in his memorandum of June 2, 1992 make it clear that this year will be devoted primarily to halving the growth in money supply and bringing inhation down to 8 per cent or less. The long-standing neglect of education, medical services, rural development and facilities to small-icale industries, combined with the fiscal and monetary squeezes ensure that employment will be more talked about than provided. Import liberalisation and the urge towards globalisation will further enlarge the difference in life-styles between the urban and rural communities.