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

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Decline in Prices and Exports

 and programmes. For instance, India is deficient in petroleum crude which it buys against hard currency. It can procure crude from Indonesia against rupee payment or on barter against iron and steel. Likewise, the essential requirements of coal in Burma, Ceylon and Malaysia could be underwritten by India against its requirements of rubber and tin.

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