Exports- Growth That Was Not

over the 8.6 per cent growth in exports in 1970-71? The Fourth Plan's ambitious export growth target of 7 per cent per annum had not only been met but handsomely exceeded. The low growth of 41 per cent in 1969-70, the Plan's first year, had been fully compensated for. True, there were some discordant notes. There was, for instance, the seemingly innocuous change in the manner of compilation of export statistics from November 1970. On a closer look, it turned out that this had the effect of inflating the export figure for 1970-71 by some Rs 70 crores. On being corrected for this, the expoit growth in that year came down to about 4 per cent, or no higher than in the previous year (see "Exports: Sluggish Undercurrent", January 8).