Composition and direction of trade, Macroeconomics

Assignment Help:

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.


Related Discussions:- Composition and direction of trade

Trade unions, what reasons limit the bargaining power of trade union in dev...

what reasons limit the bargaining power of trade union in developing countries

Government and price-determination, Government and Price-Determination can ...

Government and Price-Determination can be understood as follows: The government might intervene in the market and mandate the maximum price (price ceiling) or the minimum price

Imperfect-information model, According to the imperfect-information model, ...

According to the imperfect-information model, when the price level is greater than the expected price level, output will _____ the natural level of output A) be greater than

Majority of the citizenry pays, Can democracy survive if a majority of the ...

Can democracy survive if a majority of the citizenry pays little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not?

How internal resources important, Why is it important to study the internal...

Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?

IS LM , C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2...

C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2000 Ip=1500-20r G=2200 NX=500-.06Y a. Compute the multiplier b. Derive the equation for Ap c. Derive the equatio

What do you mean by supply of money, Q. What do you mean by Supply of money...

Q. What do you mean by Supply of money? Supply of money The supply of money is an exogenous variable in the IS-LM model Money supply is enti

Impact of transaction costs, Assess the impact of transaction costs as they...

Assess the impact of transaction costs as they apply to the Coase Theorem. Evaluate how government assignment of property rights impacts free market exchanges.

Anova data analytical approach, This assignment lets you explore a quasi-ex...

This assignment lets you explore a quasi-experimental model using ANCOVA data analytical approach. By doing this data analysis project, you will understand a new quantitative resea

What is is-lm model with inflation, Q. What is IS-LM model with inflation? ...

Q. What is IS-LM model with inflation? The IS-LM model with inflation  The basic assumption We developed IS-LM model with constant wages and prices. We can now exten

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd