Abstract
In an interview with an American journal in 1988, Prime Minister Rajiv Gandhi explained that the first phase of liberalisation of India’s industrial sector had been carried out in order to give a stimulus to investment, technological modernisation and competitiveness. In the second phase, the Indian economy would be opened up gradually to the discipline of external competition.1 By 1990 international trends too seemed to favour continued opening up of national economies to international competition. The Soviet Union as well was engaged in a contemporaneous drive to technological modernisation and international competitiveness.
Keywords
Foreign Trade Bilateral Trade Technical Cooperation Eastern Economic Review Indian Export
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information
© Ramesh Thakur and Carlyle A. Thayer 1992