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

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Smuggling, Exchange Controls and Indian Economy

Economy Sunanda Sen The failure of the governments recent drive to curb smuggling is illustrative of the self-defeating nature of controls in a partially planned economy. This paper argues that smuggling, like other devices to evade government controls, is inherent in the structure of a mixed economy. Attempts to control such evasion through a manipulation of the instruments open to the State in a mixed economy are not likely to meet with much success unless the reforms are extensive enough to change the character of the State itself.

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