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

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Has Credit Crunch Led to Industrial Stagnation-A Disequilibrium Approach

A Disequilibrium Approach Sumon K Bhaumik Hiranya Mukhopadhyay Industry has contended that the slow down in industrial growth is a consequence of a (supply side) credit crunch. The government and the Reserve Bank of India have, in turn, responded with an expansionary credit policy led by significant reductions in the CRR.

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