Politics-oblems for Janata

December 9, 1978 due to depreciation of the value of the rupee, and (e) exogenous rise in unit value of Indian exports because of the world-wide inflationary spiral. These factors, very clearly, owed nothing to the generous subsidies and incentives made available to Indian exports. And if the impact of these factors is discounted, the growth in exports in the supposedly boom years turns out to have been altogether modest