Abstract
Programmes of economic development can be carried through only by a rise in the rate of capital formation. Such a rise is conditional upon an increase in the ratio of savings to national income.2 The objective of this paper is to provide the necessary facts relating to savings in India during the First and the Second Five Year Plans.
This paper is written in my personal capacity, and does not derive from my position in UNESCO. I am indebted to my colleagues Dr. P. B. Medhora and Mr. A. P. Murdeshwar for help in shaping the paper in its final form.— C. N. VAKIL.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
See paper by M. Mukherjee and N. S. R. Sastry in Income and Wealth, Series VIII, ‘The Measurement of National Wealth’ (Bowes and Bowes, London, 1959).
But, cf. Dr. V. V. Bhatt: ‘Savings and Capital Formation in India’ in Economic Development and Cultural Change, vol. vii, No. 3, April 1959
See ‘Interest Rate Policy’, by P. B. Medhora, Economic Weekly (India), 7 Nov. and 14 Nov. 1960.
Author information
Authors and Affiliations
Editor information
Copyright information
© 1964 International Economic Association
About this chapter
Cite this chapter
Vakil, C.N., Brahmananda, P.R. (1964). Capital: Capital Supply and Growth — Sources of Savings. In: Berrill, K. (eds) Economic Development with Special Reference to East Asia. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-00074-6_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-00074-6_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-00076-0
Online ISBN: 978-1-349-00074-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)