Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Ghulam Ali

Abstract

Most of the underdeveloped countries endeavor to achieve and sustain a growth rate of gross domestic products, substantially higher than the rate of growth of population. Higher growth rate of economy requires higher investment funds. But domestic savings of developing countries fall short of investment requirements, and therefore, there emerges a gap between investment and savings, which is to be filled by external assistance.

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