Composition and direction of trade, Macroeconomics

Composition and Direction of Trade:

The impact of trade reforms can be observed from the changing structure of India's  foreign  trade in  terms of diversity  of  production  and markets  and also  in the form of higher degree of  trade openness. India's export basket has changed in favor of technology-intensive and manufactured products along with high value-added agricultural products. India's trade is no longer confined to a few rich developed countries; developing countries have also emerged important markets for India's exports and its source of imports.  Importantly, composition of imports has also changed in the post-liberalization period.

A glance at structure of India's exports reveals that its manufactured exports accounted for more than three-fourths of its total exports during 1990s and subsequently. However,  relative  importance  of  these export  products show that chemicals  and allied products, engineering goods, readymade garments, gems and  jeweler have been the key drivers of  this phenomenal growth. While the importance of primary products in the export basket witnessed a decline during 1990s and early years of the new millennium, a new category of exports viz., petroleum products exports have shown a high rise since 2000.

Posted Date: 11/9/2012 4:40:30 AM | Location : United States







Related Discussions:- Composition and direction of trade, Assignment Help, Ask Question on Composition and direction of trade, Get Answer, Expert's Help, Composition and direction of trade Discussions

Write discussion on Composition and direction of trade
Your posts are moderated
Related Questions
Q. Show the example on multiplier effect? Emma makes a deposit:         Emma has 1,000 in her mattress and decides to deposit it in K-bank. Deposit won't affect the money

You have been invited by world leaders to be part of a team of international economists selected to make recommendations on how the international community might work together more

a health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40. the price elasticity of demand for memberships at this health clu

While referring to the "EYE on YOUR LIFE" section on page 183 of the textbook, apply this concept to your life. Develop your own policy position on price floors and price ceilings.

Suppose the banking system has reserve of $750000, demand deposits of $2500000 and a reserve requirement of 20%. a. if the fed now purchases $125,000 worth of govt bonds from the

using a graph of the classical labour market, illustrate the effects of a real wage existing in the market that is lower than the equilibruim real wage.what will eventually happen

Q. Explain money market with inflation? The money market with inflation  Let's begin with the money market diagram and introduce inflation. As M D relies positively on P

With the aim of this project to observe the impact of oil price shocks on macroeconomic indicators, testing for causality between these variables will establish whether or not, oil

What is most likely to go wrong in the analysis of direct material and other direct costs and what could be done about it.

process to calculate gross domestic product We just include finished goods and services - which is, anything that is sold directly to consumer. Electric power sold to a steel m