Book Description

India was the Soviet Union's most important trading partner among the less developed countries (LDCs) and the largest recipient of Soviet aid to non-socialist LDCs. Similarly the Soviet Union is one of India's largest trade partners. In this 1991 book, Santosh Mehrotra presents a comprehensive study of this trading relationship and the transfer of technology from the Soviet Union. He begins by outlining Indian economic strategy since the 1950s and the role of Soviet and East European technical assistance. Part II examines Soviet technological transfer to India since 1955. The final chapters analyse Indo-Soviet trade in the 1970s and 1980s, covering payment arrangements and bilateral trading. The book is an exhaustive analysis of economic relations between an industrialised planned economy and a developing market economy. It will therefore become essential reading for students and specialists of development economics and international relations as well as for government and institutional economists in international trade and finance.