ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Calculating the Fiscal Deficit

the import side, devaluation docs not much effect on the imports of necessary 5. Moreover, in a country such as India there is high income inequality and sum of unaccounted money in the of some people, it is very difficult to rol imports through devaluation npanied by import liberalisation. In of devaluation and price rise, increasing rts of luxury goods and inputs and tines to produce these goods cannot be ced.

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