ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Strengthening the External Sector-What the Budget Foretells

This paper considers how the 1998-99 Budget has addressed the imperatives fating the country's external sector in the present phase of its increasing integration with the global economy, While discussing the various mechanisms the government could have brought into play to promote exports, the authors argue that increasing the competitiveness of domestic production is the key to improving the country's export performance. This can be brought about by a combination of two sets of initiatives: providing effective infrastructural facilities and strengthening the science and technology infrastructure to generate technologies for industry. An analysis of the budget from these standpoints shows that the budgetary proposals are not adequate to meet the requirements of the domestic productive sectors.

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