Changes in India’s Import Basket: An Exploratory Analysis of the U.S. Export Data

  • Soumendra Nath Banerjee University of Science and Arts of Oklahoma 1727 W Alabama Ave Chickasha, OK 73018. Telephone: +14055741342. Fax: +14055741220
  • Boishampayan Chatterjee Institute of Management Technology, Ghaziabad Raj Nagar, PO Box No. 137 Ghaziabad 201001. Telephone: +9101203002203. Fax: +9101202827895
Keywords: Specialization, Diversification, Trade, Extensive Margin, Intensive Margin, Skill Intensity

Abstract

This paper attempts to understand India’s import growth from the U.S. between 1991 and 2006. In particular, we analyse how the allocation of industries in the export sector, skill intensity of products, product diversification, and contributions of new products have changed as India’s imports from the U.S. have grown. Our findings suggest that India’s import from the U.S. in 2006 has increased in the more sophisticated product categories. Furthermore, our study finds that India has diversified in the range of products it is importing from the U.S., with new products gaining an increased share in India’s import basket.

Author Biographies

Soumendra Nath Banerjee, University of Science and Arts of Oklahoma 1727 W Alabama Ave Chickasha, OK 73018. Telephone: +14055741342. Fax: +14055741220
Assistant Professor of EconomicsDivision of Social Science and Business
Boishampayan Chatterjee, Institute of Management Technology, Ghaziabad Raj Nagar, PO Box No. 137 Ghaziabad 201001. Telephone: +9101203002203. Fax: +9101202827895
Assistant ProfessorEconomic Environment and Strategy 

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Published
21-12-2014
How to Cite
Banerjee, S., & Chatterjee, B. (2014). Changes in India’s Import Basket: An Exploratory Analysis of the U.S. Export Data. Journal of Global Economy, 10(4), 247-264. Retrieved from http://www.rcssindia.org/jge/index.php/jge/article/view/366
Section
Articles