In India, deficit financing is used for raising resources for

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CollectorBabu · Accepted Answer

Correct Answer: economic development. Deficit financing involves financing budgetary shortage by way of public loans to generate new money. It is the best compost for economic development in short term as lot of money is required in infrastructure, industrial development, transportation and communication which can be easily carried out through financing deficit.

In India, deficit financing is used for raising resources for

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