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

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Crisis of the Indian Economy-Is There a Recovery under the New Economic Policy

An analysis of foreign trade data from January 1980 yields no evidence of a worsening of the balance of trade in the 1980s. The current account payments deficit rose in the 1980s because of the steady decline in the surplus on the invisibles account, partly the result of the liberalisation' of the 1980s.

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