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

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Politics-None So Pure

HOW best to use the country's foreign exchange reserves to step up the pace of development has been debated in official and semi-official circles for quite some time. However, no attempt seems to have been made yet to assess the impact on the economy of the liberalisation of import policies, There had been a rise of 18.7 per imports in 1977-78, despite a all in imports of food grains. In fact, the rise in non-foodgrain imports in 1977-78 had been of the order of 40 per cent. The rise in imports next year was much lower, being about 12 per cent, but in the first four months of the current year imports have been nearly 22 per cent higher than those in the corresponding period of 1978-79.

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