Contents | xi
Industries During the Plan Period 218
Recent Industrial Growth 219
Challenges and Outlook 236
Summary 237
Key Words 237
Questions 238
References 238
9 Foreign Trade Policy
and Balance of Payments 239
Foreign Trade Policy and Balance of
Payments 239
Main Features of India’s TradePolicy 240
Phases of India’s Trade Policy 240
India’s Foreign Trade Policy, 1991 242
Major Trade Reforms 242
Highlights of the Foreign TradePolicy
2015–2020 244
Assessment of the New Trade Policy 246
Balance of Payments 247
Current Account Deficit 248
Capital Account 252
Other Non-Debt Flows 253
Disequilibrium of BoP 253
Summary 256
Key Words 257
Questions 257
References 257
10 Inflation 258
Meaning and Definition of Inflation ...