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

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Electronics Liberalisation Reconsidered

Electronics: Liberalisation Reconsidered AS unbridled hope gave way to a grudging acceptance of reality in official projections on the economy last year, statements on the electronics industry seemed to reflect the changing mood in microcosm. The official Economic Survey of 1986-87, which had spoken of the economy having moved on to a "new growth path", also devoted a special section to the electronics industry, identifying it as a crucial ingredient of the new growth recipe. "The electronics industry", it said, "is emerging as a major industry in the country". Production had "grown at a rate of around 40 per cent per annum" during the previous two years, and exports were also "looking up". The growth in value terms, continued the Survey, had been especially impressive, since the period had witnessed "a significant fall in the prices of many electronic items".

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