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

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Opening Up and Openness of Indian Economy

An essential task prior to any analysis of the costs and benefits of globalisation is to determine exactly the extent of international integration of a specific economy. In the case of India, while there has been a significant advance in the country's external integration compared with its own past record, the advance has been modest and gradual and decidedly suffers in comparison with that of most of the other countries studied in this paper.

Sri Lankan Economy in Turbulent Times

Political crises and economic mismanagement are to account for the grave state of Sri Lanka's finances. While reform programmes under the aegis of the IMF promise some succour, these are accompanied by strict conditionalities. The new Sri Lankan government has thus to take some vital political decisions - negotiating with the LTTE to end the long-drawn civil strife in the north-east and implement a harsh budget that will assist a revival of the economy in the long run.
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