ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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How Poor Are the Poor

balance its foreign exchange budget. There are other directions in which foreign trade policy can stand some innovation. For example, more specific export obligations can be laid down, based on the extent of foreign control of local industry. More positive export targets can be specified for industry groups where India has a cost advantage (and not merely where we have excess capacity in relation to local demand). Moreover, export incentives can be related to "real" export earnings

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