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The New Trade Strategy

The New Trade Strategy Sanjay Kathuria THIS artide is not meant to be an exhaustive assessment of recent changes in India's trade strategy. Its basic purpose is to join issue with two recent pieces (Ghosh, EPW, June 1,1985 and Bhattacharjea, Social Scientist, April 1985) that I feel have been rather onesided in their criticism of a greater export- orientation. In addition, I have also introduced one or two fresh issues that are necessary in order to put the debate in perspective, in what follows, I shall first look at the empirical evidence on some important issues like the relationship between trade, on the one hand, and growth, employment, and technology development, on the other, and then discuss the implications of the more critical changes in the new Import-Export Policy.

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