I have a special affinity to the city of Hyderabad. I started in this city as a Research Scholar in 1960, then taught as a lecturer in Osmania University till 1964, and later, was the Collector and District Magistrate of Hyderabad city in 1976-77.
8 For example, the International Monetary Fund found that, in a range of industrial economies, the prices of domestic products were restrained by competition from imports, the effect being larger with greater penetration (IMF, 2006). To the extent that import competition slows the rate of increase of domestic prices, the tendency of lower-cost imports to reduce domestic inflation will be enhanced.