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


export efforts on our part might actually lead initially to a reduction in foreign exchange holdings; the nominal matching of the debit and credit sides of the dollar advance would take place only after the completion of purchase, over a period of time, of the fully contracted quota of Indian goods. In the interim, trading with Russia would involve a loss of foreign exchange.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top