What Sort of Incentives for Exports ?
The mid-term appraisal of the Fourth Plan not only fails to take note of the implications of the disappointing export performance in the first two years of the Plan, it goes further to cling uncritically to the impossible 7 per cent annual rate of export growth for the entire Plan period. Yet the fact is that exports have increased at less than 5 per cent per annum under the Plan so far. And unless suitable policy measures are taken, the near-stagnancy in exports is likely to continue.
