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

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Outgrowing US Tutelage

rience with the national defence remittance scheme, which was followed by devaluation and substantial decline in premia on remittances. It should also be remembered that, with the notable exception of the Madhwanis in East Africa, rich nonresident Indians have in general no experience of industry; they have specialised almost wholly in trading, money-lending and the professions. They might well be chary of risking capital in industry

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