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The Budget and Customs Duties

Given that in the last five years there has been little reduction in the general level of tariff rates and that a very low level of tariff is being set as the goal for the near future, a good beginning could have been made in the budget for 2001-2002 by reducing both the peak rates of duty and the average rate. But, despite all the talk of 'second generation reforms', the finance minister has failed to seize the opportunity to take a bold step forward.

Employment Growth in Organised Manufacturing in India

Employment in organised manufacturing sector in India was stagnant during the 1980s, but grew in the 1990s. This article analyses ASI data to find that this growth was due to the change in the size structure in favour of small and medium industries and the slowdown in the growth in real wages.

Foreign Direct Investment in Asia

This paper analyses trends in FDI in Asia, with a special focus on FDI flows from Japan. It relates FDI flows to changing industrial structure and to trade flows. An econometric analysis is done to identify key determinants of FDI flows to Asian countries. Japan has been the main source of FDI flows to Asia. Japanese FDI has helped cost reduction and export promotion in the host countries. But, in the process, Japan has created a large trade surplus with these countries.

India s Petroleum Imports-An Econometric Analysis

India's Petroleum Imports An Econometric Analysis Bishwanath Goldar Hiranya Mukhopadhyay The paper presents an econometric analysis of India's petroleum imports. For this purpose, demand functions have been estimated for various petroleum products, and an import function has been estimated for petroleum. The results of the analysis indicate that the gap between domestic demand for petroleum products and domestic production of crude oil is the main determinant of petroleum imports. International price of petroleum and the foreign exchange availability also exert some influence on the government's decision to import petroleum. An important finding of the study is that both domestic demand for petroleum products and import demand for petroleum are not much responsive to price changes.

Spatial Variations in the Rate of Industrial-Growth in India

This paper studies trends in industrial output in 12 major states during the period 1960-61 to 1985-86 with the objective of throwing some light on the causes of the industrial deceleration experienced after the mid-sixties at the all-India level.

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