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

Articles by S L ShettySubscribe to S L Shetty

Investment in Agriculture-Brief Review of Recent Trends

Investment in Agriculture Brief Review of Recent Trends S L Shetty This paper undertakes a review of the behaviour of public and private sector investment in agriculture, essentially based on the new series of National Accounts Statistics published by the CSO. The comparison over time has been made possible by the CSO's commendable effort at providing a long-term series for all the years from 1950-51 based on the revised national Accounts statistics with 1980-81 as the base year While Section I of the paper presents different dimensions of the trends in agricultural investment as discernible from the CSO data, Section II suggests plausible explanations for the discerned statistical trends.

Saving Behaviour in India in the 1980s-Some Lessons

S L Shetty This paper reviews the trends in domestic saving rates in India during the 1980s and draws some important lessons which have implications for raising the saving rate in the medium-term.

Industrial Growth and Structure-As Seen through Annual Survey of Industries

Industrial Growth and Structure As Seen through Annual Survey of Industries S L Shetty Based on the summary results of Annual Survey of Industries for 1978-79, this paper reviews the growth of and the structural changes in the factory sector in India during the 1970s. It is brought out that growth in the number of factories decelerated during the 1970s and that a preponderant part of the increase in recent years has taken place in small-size units and in the category of individual proprietorships and partnerships. While the share of the organised sector in fixed capital was broadly sustained, its relative share in employment as well as in emoluments fell conspicuously. In the disposition of value added in the factory sector, the share of wages fell while that of profits and interest payments rose sharply.

Savings and Investment without Growth

S L Shetty K A Menon A striking feature of the performance of the Indian economy in recent years, which has been widely noticed, is the very high rates of savings and investment achieved.


The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.


of Kerala Joan P Mencher The purpose of this paper is to examine the nature of agrarian relations in the two main rice regions of Kerala, Kuttanad (a low-lying area covering parts of Alleppey, Kottayam and Quilon Districts) and Palghat, in order to examine one, forces interfering with production and, secondly, the elms relations that serve to impede a more equitable distribution of food and other commodities. The paper describes some of the striking contradictions in each area, and offers some tentative predictions for their future development.

Deployment of Commercial Bank and Other Institutional Credit-A Note on Structural Changes

This paper seeks to juxtapose the amount of institutional credit used by individual sectors and industries against their output and the price trends relevant to them.

Money Supply Analysis-Further Comments

Further Comments S L Shetty V A Avadhani K A Menon IN a recent article, Suraj B Gupta found fault with the Reserve Bank's framework of presentation of data re- lating to 'factors affecting money supply and suggested an alternative approach based on the money multiplier theory of money supply determination.1 Analysing the theoretical and conceptual issues involved, N A Mujumdar has shown that an analysis based on the money-multiplier is unsatisfactory

Distribution of Urban Household Wealth

V M Jakhade S L Shetty This paper seeks to explore the possibilities of presenting a method, albeit a crude one, for observing the trends in wealth distribution among urban households.

Inter-Sectoral Equity in Tax Burden - Estimates of Potential Tax Revenue from the Farm Sector

Estimates of Potential Tax Revenue from the Farm Sector S L Shetty What is the potential tax revenue that might have accrued to the State exchequer if, for inter- sectoral equity, farm households had been subjected to tax incidence levels identical with those borne by non-farm households? In estimating this magnitude, this paper examines the inter-sectoral and inter-class inequity in the incidence of tax on farm and non-farm households by estimating the patterns of income distribution in the farm and non-farm sectors and juxtaposing the same against the absolute levels of tax burdens on households under the respective income brackets.


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