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INTERNATIONAL BUSINESS: 1M India's Trade

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Added by vindheim
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Over the last 25 years since India’s liberalisation, its foreign trade has expanded multifold and seen significant structural shifts in product as well as geographic composition. The easing of quantitative restrictions as well as significant reduction in tariff levels across product lines has aided the growth of foreign trade in the first two decades post liberalisation. In-fact, the share of foreign trade (both exports and imports) in India’s GDP stood at over 43 percent during 2011-13 as against 13 -15 percent during early nineties. However, over the last few years there has been a marked deceleration in India’s foreign trade, both exports as well as imports, primarily on account of subdued global demand and dip in global commodity prices. This presentation gives a detailed analysis of India’s foreign trade trends, assessing the performance of key export commodities in current challenging global environment.
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