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

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India and the Market of South and Southeast Asia

There are several forces at work as a result of which the market for industrial goods in India tends to remain inelastic. The pattern of distribution of income and wealth, and the nature of technology imported from abroad are two of the major factors which are responsible for this inelasticity. In any case, so long as output restriction at home is a profitable proposition, who would care for export promotion! The foreign demand for India's traditional exports is lately picking up, but the buoyancy of these agro-based or agro-related commodities is not likely to offer a long-term solution for India's exports. Among the non-traditional exports the potential strength of India lies precisely in those goods which em- body the technology that is suited to Asian conditions.

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