Investment As A Drive Of Economic Growth

ABOUT THE BOOK:- The growth of the economy is reflected through the rise in incomes of the people but development is a wider term which includes both growth and qualitative improvement in the standard of living of the people and a better distribution of incomes. Development thus involves a rise in the level of income and the level of investments leads to better standard of living in general through growth plus socio-economic changes and development. The inflation is creeping up to almost 8 percent at times and this means that the value of money saved goes down instead of going up. In todays less income growth and highly increasing cost of living economy one has to know how to use his/her savings or idle funds to generate higher returns. A bewildering range of investment alternatives is available. Savings form an important part of the economy of any nation. With the savings invested in various options available to the people the money acts as the driver for growth of the country. Indian financial scene too presents a plethora of avenues to the investors. Though certainly not the best or deepest of markets in the world it has reasonable options for an ordinary man to invest his savings. At present an individual has a variety of investment opportunities. As there are different types of investment channels public get confused when and where they plan to make investment by selecting the best sort of investment and rejecting the rest is very difficult to the investors. Hence one must pay much attention as regards to investment decision. An investment decision must be made with definite objectives. Before proceeding the investor should be very clear as to specific requirements and aspirations. It could be a return or capital appreciation or safety or tax relief or any other peculiar factor that a particular investor desires. Depending upon that and on the basis of the objectives investors make the investment decision by selection. Such a process offers the silv