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

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Mission to Lhasa

uniform quality control. The other factor to the long-run competitiveness of our manufactures vis-a-vis the exports of advanced and already industrialised nations, price-wise. Lower price, however, requires higher labour productivity relative to the wage rate, or, lower wages relative to a given level of productivity. Lower wage rate, in turn requires stabilised price of rice at a low level It is in this sense that price stabilisation of rice is a precondition of success in our drive for export promotion. To sacrifice price stabilisation of foodgrains in order to achieve export promotion through trade liberalisation cannot but be fell- defeating in the long run.

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