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

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Oil Import through Fabricated Contract

tion from 237 mn tonnes in 1978 to tonnes in 1982. In industry the average tonnes in 1982. In industry the average annual growth in consumption goods and capital goods industries dropped from 8.4 and 8.6 per cent respectively in 1965-70 to 3.8 and 4.7 per cent during 1976-80. The growth of labour productivity fell from 6.8 per cent per annum during 1970-75 to 3.4 per cent during 1978-80. The performance of the economy did improve in 1983, though the details have yet to be released. To sustain the improvement the Andropov leadership insists that greater initiative must be given to the managers of productive enterprises. Of course, provision for greater independence and initiative for enterprises was introduced as far back as in 1965 together with that for their economic accountability. These reforms were also incorporated in the 1977 constitution. But after the first few years, the Central planners and industrial ministries succeeded in rolling back the reforms.

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