Capital: Capital Supply and Growth — Sources of Savings

  • C. N. Vakil
  • P. R. Brahmananda
Part of the International Economic Association Series book series (IEA)


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.


National Income Capital Formation Corporate Sector Personal Saving Deficit Financing 
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  1. 2.
    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).Google Scholar
  2. 3.
    But, cf. Dr. V. V. Bhatt: ‘Savings and Capital Formation in India’ in Economic Development and Cultural Change, vol. vii, No. 3, April 1959Google Scholar
  3. 1.
    See ‘Interest Rate Policy’, by P. B. Medhora, Economic Weekly (India), 7 Nov. and 14 Nov. 1960.Google Scholar

Copyright information

© International Economic Association 1964

Authors and Affiliations

  • C. N. Vakil
    • 1
  • P. R. Brahmananda
    • 2
  1. 1.Unesco Research CentreCalcuttaIndia
  2. 2.University of BombayBombayIndia

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