CONDITIONS IN INDIA
fRADE OUTLOOK BRIGHTER. Press Association —By Telegraph—Copyright DELHI, January 11. (Received Jan. 12, at 8.5 p.m.) Before leaving Calcutta, where he spent Christmas and the New Year, Lord Reading made a long speech before the Associated Chambers of Commerce. He talked at length on the fiscal policy, but gave no definite details beyond the necessity for making both sides of the Budget balance. However, the general economic condition of India was more hopeful. The crops were good. The balance of trade was not in India’s favour, but the export trade was promising. There had been a remarkable revival in jute, and the outlook was more promising. Trade generally, however, was still dull, and cautious industries in India were still not feeling any real stimulus to activity. An important feature was the slow but steady decline in the cost of living during the last year, which amounted to about 17 per cent. —A. and N.Z. Cable.
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Otago Daily Times, Issue 18760, 13 January 1923, Page 9
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158CONDITIONS IN INDIA Otago Daily Times, Issue 18760, 13 January 1923, Page 9
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