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

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NEW DELHI-If We Can t Export Goods, Let s Export Capital

NEW DELHI If We Can't Export Goods, Let's Export Capital BM THE workshop for a mid-year review of the economy organised by the Associated Chambers of Commerce and Industry (Assocham) this year attracted more attention than such reviews under its auspices have done in the past. Assocham was till recently a body essentially of FERA companies.. It is now hoping, in the wake of defections from the Federation of Indian Chambers of Commerce and Industry (FICCI), to acquire a wider base and become a more influential body of business interests, Indian and foreign, in the country, Interesting in this context were the views and sentiments, hopes and misgivings which were articulated at the workshop. There was, of course, total unanimity in favour of the liberalising trends in official economic policy which had widened the opportunities for private business enterprise. A retired secretary to the government, S Bhoothalingam, applauded the government for adopting pragmatic policies which, according to him, were by definition policies which worked. S R Sen, a reputed international civil servant, also retired, was more emphatic and proclaimed that pragmatists had always triumphed over ideologues and that alone was guarantee that there would now be progress in India. However, the workshop revealed strong reservations and misgivings about the present state of the economy and the prospect of advances in the coming years. These reservations and misgivings were articulated at the workshop most clearly and emphatically by a leading businessman, Charat Ram.

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