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

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NEW DELHI- Weak Base for Import Liberalisation

NEW DELHI Weak Base for Import Liberalisation B M THE most important issue that figured in the inter-ministerial discussions, preceding the formulation of the import- export policy for the current year announced on April 12 by Commerce Minister V P Singh, was ways to promote the competitiveness of Indian industry so as to boost exports. This question was brought to the fore because, with the decision to terminate the IMF loan arrangements, the support- it had provided to the balance of payments in the preceding two years was no longer available. The sharply liberalised import policy would now be without that support. V P Singh indeed proudly announced that the liberalised import policy has been main- tained even alter the IMF support for it has been dispensed with.

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