INDIA S EXTERNAL SECTOR: PERFORMANCE AND PROSPECTS

Geethanjali Nataraj () and Pravakar Sahoo

The IUP Journal of Applied Economics, 2006, vol. V, issue 3, 61-67

Abstract: Trade policy reforms constitute the core of economic reforms in India. This paper analyzes India s external sector while highlighting the positive impact of India s trade policy reforms. The trends in India s foreign trade, changes in the composition and direction of India s exports and imports have been examined in detail in the paper. The study shows that there has been a consistent increase in India s exports and imports and degree of openness to trade since 1991. Further, diversification of the export and import basket and markets have reduced the vulnerability of the economy to external shocks. India s commitments to the WTO have also helped India to compete in world markets and strengthen its external sector.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjae:v:05:y:2006:i:3:p:61-67

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