Economic Affairs Vol 20 Jan.-Feb. 1975

Abstract

In his Republic Day eve message to the nation the President of India addressed, “The spiraling of prices and the shortage of food and other essential commodities have caused serious hardship to our common people.” the great economic crisis of the nation is thus presidentially confirmed. the confirmed crisis seeks confirmation that it is the result of the confirmed total crisis in frontier economy, i.e. production of inputs, and, in the operational side, utilization of whatever inputs are available. the excuses of the frontal failure are many. People have by now grown much wiser and rejected them as a whole.