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

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Stock Market- Taking Too Much for Granted

received by planters. (A fear was even expressed that if the tea industry continued to be neglected then India, presently the single biggest exporter, might well be forced into becoming an importer in a decade or so.) While the quantum of harvest remained at about 560 mn kgs, domestic demand was estimated to have been going up by about 6 per cent per annum. This demand-supply gap, it was claimed, was largely responsible for the spurt in domestic prices in 1983 and 1984. The prices received by the industry in those years, it was added, were not at all high in a sense since the returns secured then barely covered the losses the planters, traders and companies had accumulated during 1980-83.

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