The freed rupee: budget aims to boost investment and exports
Article Abstract:
The Indian government's decision to make the rupee fully convertible and to cut tariffs is intended to boost investments and exports. Freeing the rupee is expected to boost export earningsby 15%-20% annually and help the country avoid another payments crisis. Likewise, the cuts in duties of imported capital goods and industrial inputs would likely result in increased foreign investment.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Still on the rails
Article Abstract:
The government of Indian PM P.V. Narasimha Rao is pushing onwith its planned economic reforms despite the widespread inter-communal violence in India's major cities. The government recently juggled wheat prices and dropped foreign exchange controls in an effort to regain the political initiative and assure the international community of its commitment to economicliberalization.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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