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

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Further Thoughts on Import Liberalisation

The larger aid promised by the Aid India Consortium for the current year at $ 5.4 billion contains seeds of serious problems in the future. Borrowing from abroad can be useful provided the imported savings are used to finance essential imports. But if we start importing power generating equipment against tied aid because of a shortage of rupee resources we would be asking for trouble.

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