ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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reduced further to 28.5 per cent in 1995-96 and 27.5 percent in 1996-97. There are many cases of unjustifiably drastic duty reductions, particularly among chemicals, metals and capital goods, whereas better calibration of the duty cuts would have provided an impetus to growth.

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