താൾ:39A8599.pdf/48

വിക്കിഗ്രന്ഥശാല സംരംഭത്തിൽ നിന്ന്
ഈ താളിൽ തെറ്റുതിരുത്തൽ വായന നടന്നിരിക്കുന്നു

xliv

of industry foreign equity participation was raised from 40% to 51%.
Besides, maximum import duties were restricted to 85% and, in fact, in
the case of certain capital goods, custom duties were reduced to 25%.
Finally, full convertibility became the new target. Thus, it came to a
change in paradigm from import substitution to export promotion.11 As is
seen in the above Table, since 1980/81, the trade balance has been
negative throughout. The same holds good, with few exceptions, for the
period 1950-1980.

In the context of overall balance of payment, the trade gap is at least
partly compensated by way of private remittances on the part of NRIs and
through grants of industrialized countries in the framework of develop
ment cooperation.

The following figures give a clear indication of India's most
important trade partners.

Most important export countries for India 1993

Source: Ministry of Commerce, New Delhi 1994

"https://ml.wikisource.org/w/index.php?title=താൾ:39A8599.pdf/48&oldid=200318" എന്ന താളിൽനിന്ന് ശേഖരിച്ചത്