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

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Foreign Policy-Going Places

to acquire such linkages, the opportunity to expand, albeit as junior partners to foreign capital.However, a large section of Indian industry would necessarily be left out of the scope of such linkages and for them the outlook is indeed grim. Worst perhaps is the prospect for small industries, confronted with tight money conditions and high interest rates, free imports, and removal of restrictions on expansion of large businesses, including the multinationals.

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