Misguided sops

Should a decline in growth rate from 81.8 per cent to 36.3 per cent in a space of three months for any sector be cause for alarm? Well, when it comes to exports, the Government seems to believe so. So worried has the Commerce Ministry been about the recent ‘slowdown' — despite exports on the whole registering a 52 per cent year-on-year increase to $160 billion during April-September — that last week it announced additional export incentives linked to specified products (from hand tools to potassium iodide) and destinations. 

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