NEED MORE WIND IN THE SAILS
Jan 30, 2021
2 minutes
By M.G ARUN
IMPORTS WEIGH HEAVY
India’s foreign trade policy can be divided into three phases: the 1950-75 period that saw tight controls, 1976-91 which witnessed some liberalisation, particularly the last 5-7 years, and 1992 onwards which saw the full onset of liberalisation. Although the government had introduced quantitative import controls in May 1940 to conserve foreign exchange during World War II, starting 1947 the
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