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

Indias Rouble Debt and Depreciating Rouble

India's Rouble Debt and Depreciating Rouble Nirmal Kumar Chandra This paper assesses the India-Russia agreement on the size and modalities of repayment of India's rouble debt from two different angles. The first consists of examining the distribution of the gains of India's trade with the former Soviet Union. The focus is on the unit values of the commodities exchanged, particularly our arms imports financed through Soviet credits. The other aspect concerns the nature of the rouble as a currency up to 1989 and after, on which score there appears to be very widespread misconception.

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