Page 173 - DECO402_MACROECONOMIC_THEORY_PUNJABI

iekweI–17: mudrw guxk Aqy vixijXk bYkW rwhI swK inrmwx

qwilkW 17.2 qo ieh spSt ho jwdW hY ik 1970-71 iv`c 2006-07 q`k M Aqy M dI viriD druq giq È؇
1 3
dy nwl hoeI hY[M dI druq viriD (lgBg 302 guxk) smy jmw dI viriQ dy kwrx hoeI hY[M dI ivAwpk
3 1
virDI mMg jmw iv`c virDI dy kwrx hoeI hY[
Bwrq iv`c iBn XojnW AviDAW iv`c mudrw dI purqI, rwSqrI Awmdn Aqy kImq p`Dr iv`c hox vwly pRiqSq
viriD dr dw igAwn Qwly idqI qwilkW 17.3 qo pRwpq hMudW hY –

qwilkw 17.3. mudrw dI purqI, rwStrI Awmdn Aqy kImq p`Dr iv`c pRiqsq viriD dr
(Percentage Growth Rate in Money Supply, National Income and Price Level)
Period Growth Rate in Growth Rate in Growth Rate in
Money Supply (M ) National Income Price-level
3
First Plan 2.2 3.7 - 3.6
Second Plan 5.3 4.1 + 6.3
Third Plan 9.1 2.4 + 5.8
Fourth Plan 15.5 3.3 + 9.0
Fifth Plan 17.9 5.0 + 6.3
Sixth Plan 16.7 5.4 + 9.7
Seventh Plan 17.5 5.7 + 6.7
Eighth Plan 13.8 5.8 + 6.6
Ninth Plan 14.2 5.6 + 3.9
Tenth Plan 16.4 8.7 + 5.2
(2002-03)
(Source : Statistical Outline of India, 2007-08)

ieh Awm Dwrxw pweI jWdI hY ik mudrw dI pUriq Aqy kImq pD`r iv`c gihrw sbMD huMdw hY[ jdoN mudrw pUriq
iv`c virDI huMdI hY adoN mMg iv`c virDI rwhIN kImqW iv`c vI virDI huMdI hY[ bySk mudrw dI pUriq dw isDw
pRBwv kImqW qy pYNdw hY pr mudrw dy pirmwx isDWq (Quantity Theory of Money) dy mu`K smrQk ierivNg
PISr (Irving Fisher) qoN ies g`l qy sihmq hoxw kiTn hY ik mudrw dI mwqrw Aqy kImq pD`r iv`c is`Dw Aqy
smwnupwiqk sMbD hY adwhrx dy leI a`qy qwilkw iv`c idKwieAw igAw hY ik pihlI Xojnw dI AviD iv`c ,kImq
pD`r iv`c kmI hoeI, jdik mudrw pUriq iv`c virDI hoeI hY[ noNvI Xojnw dI AviD iv`c kImq pD`r iv`c kyvl
3.9 pRiqSq dI virDI hoeI, jdik mudrw dI pUriq iv`c 14.2 pRiqSq kI virDI hoeI [ Bwrq vrgy Alpiv-
kisq dyS ivc ,ArQivvsQw dw iek bhuq vfw Bwg Amodirk (Non-monetized) huMdw hY[ ies Kyqr iv`c
swry lyx- dyx vsqu ivinmX dy ADwr qy kIqy jWdy hn[ jykr mudrw pUriq dw iek Bwg ies Kyqr dy modrIkrx
dy leI iesqymwl kIqw jwey qW ies nwl mMg iv`c virDI hovygI pr kImqW iv`c koeI virDI nhI hovygI[ AMq
Bwrq vrgy Alpivkisq dySW iv`c , jykr mudrw dI pUriq iv`c hoeI virDI dw iesqymwl aqpwdn nUM vDwaux
dy leI Aqy Amodirk KyqrW dw modrIkrx krx dy leI kIqw jwvy, qW kImqW iv`c virDI nhI hovygI[
auqy ilKI qwilkw qoN pqw lgdw hY ik mudrw dI pUrqI dw kImqW qy pRBwv qW pYNdw hY pr iehnW dovW iv`c
koeI ivSyS sMbD nhI hY[ mudrw dI pUriq iv`c virDI hox dy pirxwmsrUp kImqW ivc ikMnI virDI hovygI ieh
Anyk kwrkW qy inrBr krdw hY , ivSySkr ArQivvsQw iv`c aqpwdn dI virDI qy[ pRo. bI. eyn. pMifq dy
Anuswr, Bwrq iv`c mudrw pUriq dy vD`x Aqy iesdy kImqW qy pRBwv pYx iv`c lgBg iek swl dw kwlWqr
(Time-Lag) pwieAw jWdw hY[ XojnWvW dI AviD ivc mudrw dI pUriq dI virDI dr Aosqn 14 pRiqSq rhI
hY jdik ivkws dI dr (rwStrI Awmdn dI virDI dr) 4.1 pRiqSq Aqy kImq pD`r dI virDI dr (ivkws
dr) 6.6 pRiqSq rhI hY[

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