Download Free Indias Foreign Trade Its Nature And Problems Book in PDF and EPUB Free Download. You can read online Indias Foreign Trade Its Nature And Problems and write the review.

Over the last 60 years, India's foreign trade has undergone a complete change in terms of composition and direction. The exports cover a wide range of traditional and non-traditional items while imports consist mainly of capital goods, petroleum products, raw materials, and chemicals to meet the ever-increasing needs of a developing and diversifying economy. In recognition of the growing importance of the foreign trade in driving the economy, this book describes and examines changes in the pattern of India's foreign trade since Independence in 1947, with focus on post-1991 developments. The book addresses issues related to trade policy, export strategy, tariff policy, current account dynamics, exchange rate management, foreign exchange reserves, capital account liberalization, external debt and aid, foreign investments (both direct and portfolio), and the WTO.
The Total Volume Of Goods And Services Produced By The People Of A Country In A Given Period Of Time, The Major Part Is For Domestic Use While A Small Part Is Exported On In The Case Of Services Made Available To Foreigners. These Exports Are Normally Balanced By Imports India Is Now Having An Adverse Balance Of Trade And Balance Of Payments Instead Of A Favourable Balance As In The Pre-War Period. This Adverse Balance Of Trade Is Caused Mainly By Large Imports Of Capital Goods, And Other Investment Goods And Imports Of Food Stuffs. In Respect Of Service Items Also There Is A Negative Balance. This Book Presents A Vivid And Penetrating Analysis Of India S Foreign Trade Problems In The Field Of International Economics.
Between 1950 and 1990, foreign trade of India suffered from strict bureaucratic and discretionary controls. Beginning 1991, the Government of India introduced a series of reforms to liberalise and globalise the Indian economy. Reforms in the foreign trade sector were intended to integrate Indian economy with the global economy. The major trade policy changes in the post-1991 period have included simplification of procedures, removal of quantitative restrictions, and substantial reduction in the tariff rates. Since early 1990s, India's foreign trade has undergone a complete change in terms of composition and direction. Exports now cover a wide range of traditional and non-traditional items while imports mainly consist of capital goods, petroleum products, raw materials, and chemicals to meet the ever-increasing needs of a developing and diversifying economy. Exports have acquired added significance in the wake of liberalisation wave sweeping across the world. The trend towards market economy in almost all the countries of the world has increased the role of exports in developmental efforts. Exports have become an important indicator of a country's economic performance. The surge i
Structural transformation depends not only on how much countries export but also on what they export and with whom they trade. This paper breaks new ground in analyzing India’s exports by the technological content, quality, sophistication, and complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the border; (2) further liberalization of FDI including through simplification of regulations and procedures; (3) improving infrastructure including in urban areas to enhance manufacturing and services in cities; (4) preparing labor resources (skills) and markets (flexibility) for the technological progress that will shape jobs in the years ahead; and (5) creating an enabling environment for innovation and entrepreneurship to draw the economy into higher productivity activities.