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

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Seventh Plan-Saving Rate Puzzle

committee wants the removal of barriers to entry by new firms into industries and the relaxation of capacity licensing provisions. These measures are expected to ensure absorption of imported technology and to create conditions conducive to innovation, for then domestic firms would move from the stage of importation through absorption to innovation, spurred by expection of higher profits, fear of competition or threat to survival in the market.

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