Characteristics & performances of exports in India

Type :

Term papers

Pages :

9 pages

Format :

.doc

Published date :

09/30/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Summary
Introduction
Efforts to integrate with the world economies
1. Export import (EXIM) policy
Export trends in India
1. Share of china and india in ASEAN's total imports
2. GDP growth rate of india vs world average
3. Goods and services traded
4. Openness of Indian economy: Trade to GDP ratio
5. Share of commodities in total exports
6. Share of labor intensive sectors in exports
7. Share of technology intensive trade in exports
Swot analysis
References

Abstract

india has registered outstanding growth performances in recent years. Its growth along with that of China has been anticipated to help sustain growth of global economy as economic prospects world over are not bright. Indian economy grew at more than
8% after 2003. india's trade has shown impressive increase at the growth rate of 11% after 1978 which is much above economy's growth rate. Its export share has grown from 0.4% to 1.2%. But still it is a minor in terms of its share. In spite of this, expectations are huge regarding india's growth, as China's expansion may be constrained by its rising cost and comparative disadvantage of geographical dividend with respect to india. india's trade restructuring has not been very intensive. Service trade is very important from india's perspective, as this also forms major chunk of economy. China on the other hand has focused more on manufacturing and hence been able to transform from low technology labor intensive to more technology and capital intensive goods. This difference is mainly because of role of foreign direct investment in China, which in turn was determined by overall business friendliness and openness to world economy. The outlook for trade of Indian economy is not very certain. india's trade has not undergone complete restructuring unlike China. It continues to depend upon exports of low skilled labor intensive goods. Moreover as india still spends huge amount of precious foreign exchange on import of energy needs, it is very risky because of price fluctuations.