Trends of trade shares, Macroeconomics

Trends of Trade Shares:

India's share in total world exports in 1950 was 1.85 percent and the share in total world imports was 1.7 1 percent. The share of both exports and imports in total world trade was 1.78 percentages. These shares have decreased to 0.42 percent, 0.72 percent and 0.57 percent in 1980.  This shows that India has poorly performed in trade and many economists argue that this dismal performance was entirely due to India's restrictive trade policies. However, intensities of restrictiveness have been decreasing since the 1980s and we observe this in gradual rising of these shares since 1980. Both exports and imports have registered a significant increase over the years both in terms of value and its share in world trade.

The export has increased from 8586 million dollars in 1980 to 17969 million dollars in 1990 and to 71786 million dollars in 2004. India's share in world export has increased over the years. It has increased from 0.42 percent in 1980to 0.80 percent in 2004. Similarly, India's imports too have experienced a significant rise over the years. It has increased from 14864 million dollars in 1980 to 94060 million dollars in 2004.  

 

The share of imports of India in world imports' has also increased from 1.01 percent in 1980 to 1.52 percent in 2004.

 

Posted Date: 11/9/2012 4:39:43 AM | Location : United States







Related Discussions:- Trends of trade shares, Assignment Help, Ask Question on Trends of trade shares, Get Answer, Expert's Help, Trends of trade shares Discussions

Write discussion on Trends of trade shares
Your posts are moderated
Related Questions

in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i

He rapid growth of the national debt alarmed some politicians and created pressure for restricting Congress's unlimited ability to spend. Efforts to Reduce the Deficit, discuss the

explain the terms abnormal profits and normal profits

Describe your most positive experience in working on a group project in which the group's cohesiveness led to greater work productivity. Have you experienced a situation that was j

Financing of the external payments deficit: The trend  in India's widening CAD during the second half of  the eighties, both in absolute terms and also as a proportion of the

Many economists and market analysts are avid followers of the BALTIC DRY INDEX (BDI) as a forward looking mechanism that may shed a bit of light on the evolution of global economic

1.  What is law of diminishing marginal utility? 2.  Find out the marginal utility for the following schedule of consuming pizza Pizza consumed 0

In "Kitchen Nightmares", Chef Gordon Ramsa visits struggling restaurants and gives the owners of the restaurant a number of recommendations intended to reverse the restaurant's pro

Determination of L in the cross model As firms will produce less than Y OPT , they require less labor than L OPT . We can determine exactly how much L they need in order to pro