But the impact of these measures in an environment of stagnant incomes, declining investment for past several years and limited fiscal space was quite severe on domestic economic agents. This has been further exacerbated by some other fundamental structural reforms which have hurt the interests of the traditional rent-seeking classes in the country.
If only one example had to be given, it would of course be the fact that trade is concentrated among a few firms, which are in a better position than the others to bear the high costs associated with entering foreign markets.