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

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NEW DELHI-India as Capital Exporter

NEW DELHI India as Capital Exporter B M HOW exactly to draw down the swelling foreign exchange reserves is becoming a major problem before the government The liberalisation of rules for foreign travel and releases of exchange for students abroad, within the established frame, are obviously too inadequate and hardly do anything more than tinker with the problem. The fact, on the contrary, is that even while anxiety is felt all round on this score, remittances continue to pour in and even the trade balance is widening in favour of India. Whatever has been done by way of import liberalisation is simply not working. Considering the sluggish economic activity, there is little possibility of a negative trade balance emerging. Several official committees have been appointed and are hard at work to find the way out of this embarrassing position.

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