role of stock exchange in the dev. of indian capital mkt

Capital occupies a position so dominant to the economic theory of production and distribution that it is natural to assume that it should occupy at least an equally important place in the theory and practice of economic growth. The subject whether approached historically or analytically or from the standpoint of policy, it is the process of capital accumulation that occupies the front of the stage. It is usually implied that economic growth and capital accumulation with a high positive and significant correlation and additions to the stock of capital can provoke and facilitate faster rate of growth even under the circumstances which can be described as shortage of capital........[read more in the attached document]
 
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