Coconut Oil- Swings and Round-abouts

January 28, 1984 envisaged for the whole of 1983-84 also made for considerable uneasiness. Market men argued that, in the context of disturbing inflationary trends, a deficit of this magnitude would call for stricter focal and monetary discipline. The Union finance minister would therefore find it very difficult to meet the corporate sector's demands for various concessions to accelerate the rate of industrial growth and stimulate demand. The stock market also appeared considerably exercised over the Prime Minister's pointed reference, in her broadcast to the nation, to the threat to India's security from external forces. The threat may not be as serious as made out by Indira Gandhi but the implied increase in defence expenditure can have important budgetary and market implications.