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

SECURITY FORCES-Enforcing Accountability

by only 5.4 per cent against 12.7 per cent in the previous year and even bank credit to the commercial sector has risen by only 8.2 per cent which, though higher than that last year (2.8 per cent), was still moderate compared with the historical rates of increase of 12 to 15 per cent per annum. No doubt the large inflow of foreign funds did generate, in the second half of 1993-94 and the first half of 1994-95, a situation of excess liquidity, but a good part of the liquidity was evidently absorbed by the stock and real estate markets.

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


(-) 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