Private Corporate Sector Vidya Pitre This paper is an empirical analysis of trends in foreign exchange earnings and expenditure of the private cpr- porate sector over the period 1960-61 to 1987-88. It is based on data from the RBI Survey Reports on Foreign Collaborations and the RBI Studies on Finances of Medium and Large Public and Private Limited Companies and Foreign Controlled Rupee Companies. Three distinct phases are identified' (i) 1960-61 to 1972-73 (ii) 1974-75 to 1977-78 and (iii) 1978-79 to 1987-88, each characterised by a different set of policies, state of the industrial economy and foreign trade and payments situation.