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

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Steel-Wages of Planlessness

the latest period for which data are available, 1974-75, when there was a sharp increase in both exports and imports. In that year, the value of exports went up by 31 per cent and that of imports by 51.2 per cent. In terms of quantum, however, exports went up by 6.4 per cent but imports actually declined by 12.3 per cent. The data on unit value realisation are equally revealing. The fob unit value realisation went up by 25.3 per cent in 1974-75 but, to quote from the report, ''the rise in the c i f unit value payable on Indian imports ruled much higher by 73 per cent".

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