Series:

Alternatives in Development

1 total work

Cover of India′s Trade Policy and the Export Performance of Industry
India′s trade and industrialization policies and the export performance of the manufacturing sector during the 1970s and 1980s are examined in this book. These decades were marked by predominantly inward-oriented and protectionist policies which limited the role of international trade in India′s economy. As a result India lost a substantial share in the international market to newly industrializing countries, creating a serious balance-of-payments problem which led to dependence on foreign loans. The book includes a critical evaluation of the export performance of large companies. This analysis reveals that the export sector has become more diversified and capital intensive in recent years.