The book Fiscal Policy in India was written by author Pramathanath Banerjea Here you can read free online of Fiscal Policy in India book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Fiscal Policy in India a good or bad book?
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1 Speaking in a general way, it may be said that protective duties will tend to add to the cost of living. Such disadvantage is likely, how- ever, to be counterbalanced, in part, if not wholly, by an increase in the income of at least some classes of the population, provided the right commodities are selected for protection. The establishment of new industries will increase the demand for labour, and, consequently, wages will rise. This rise in the wages of industrial labourers will affect the ...wages of agricultural labourers, for there is no hard and fast line of division between these two classes of wage- earners. The middle classes will gain in so far as the managers, supervisors, and clerks will be drawn from these strata of society. The 1 The Committee on Commercial and Industrial Policy point out that the'attempts made in different countries to establish State control of monopolies have been directed towards (1) judicial and administrative regulation and limitation, and (2) the securing of publicity.
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