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

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Faltering National and Global Growth Prospects

What are the causes of the sudden adverse change in the economic scenario in India and the world? Growing disparities, financial uncertainty, a weakening dollar, the falling share of labour in aggregate income and rampant speculation in commodities are together forcing the economic slowdown. Rising disparities are aggravating the tendency towards "underconsumption", while the high rates of surplus generation driving investment are likely to result in "overproduction".

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