CHANGING PATTERN OF INDIA’S MERCHANDISE EXPORTS
DOI:
https://doi.org/10.1956/jge.v13i3.471Keywords:
Exports, Imports, Primary Products, Manufactured ProductsAbstract
This paper analyses the trends and patterns in the composition and direction of India’s merchandise exports, over the period 1980 to 2016. The composition of principal exports indicates that the percentage share of primary products has continuously declined over the period and that of manufactured goods started declining in the recent past. This decline is mainly attributable to a notable development experienced by the exports of petroleum products whose share in the total exports of India increased substantially over the period. Further, the analysis of the direction of India’s exports revealed a market orientation towards the OPEC and developing countries, especially of South Asia, South East Asia, and Africa.
References
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Agrawal, P. (2015). The role of exports in India's economic growth. The Journal of International Trade & Economic Development, 24(6), 835-859.
Export-Import Bank of India (2012). Indian Chemical Industry: exploring global demand. Occasional Paper no. 154. Retrieved on 18th of March 2016 from http://www.eximbankindia.in/sites/default/files/Full%20OP/op154.pdf
Export-Import Bank of India (2014). Indian Capital Goods Industry: A Sector Study. Occasional Paper no. 169. Retrieved on 17th of March 2016 from http://www.eximbankindia.in/sites/default/files/Full%20OP/1.%20Final%20Copy%2 0Indian%20Capital%20Goods%20Industry_A%20Sector%20Study.pdf
Fayaz, M., & Kaur, S. B. (2016). Trends, Patterns and Determinants of Indian Current Account Deficit. Applied Econometrics and International Development, 16(1), 167-186.
FICCI (Federation of Indian Chambers of Commerce & Industry), (2013). Development of Indian Mining Industry- The Way Forward. FICCI Mines and Metals Division. Retrieved on 17th of March 2016 from http://ficci.in/spdocument/20317/mining-industry.pdf
Indian Gems and Jewelry Sector (2015). India’s Foreign Trade. Retrieved on 17th of March 2016 from https://www.dnb.co.in/IndianGemsandJewellerySector/ForeignTrade.asp
International Monetary Fund (2017). Global Trade Liberalization and the Developing Countries. Retrieved on 23rd of January 2017 from https://www.imf.org/external/np/exr/ib/2001/110801.htm#i
Kapur, S. N. (1991). The Structure and Competitiveness of India's Exports. Indian Economic Review, 26(2), 221-237.
Kaur, S. (2015). Migration and Bilateral Trade Flows: Evidence from India and OECD Countries. Applied Econometrics and International Development, 15(2), 179-196.
Kaur, S., & Nanda, P. (2010). India’s export potential to other SAARC countries: A gravity model analysis. Journal of Global Economy, 6(3), 167-184.
Krishna, G. D. and Kumar, R. (2015). Indian Exports Loss of Global Competitiveness. Economic & Political Weekly. Vol. 50(34), 20-23.
Maity, S. (2013). India's Leather and Manufactures Export in the Scenario of WTO: An Analysis Trend and Structural Shift. Managing Global Transitions, 11(3), 261.
Mukherjee, S., & Mukherjee, S. (2012). Overview of India’s Export Performance: Trends and Drivers. IIM Bangalore Research Paper, (363).
Reserve Bank of India (2017). Handbook of Statistics on Indian Economy. Accessed on 2nd of March, 2017 from http://www.rbi.org.in/home.aspx
The World Bank (2016). Accessed on 20th of January, 2017 from http://www.worldbank.org/
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Published
04.11.2017
How to Cite
Fayaz, M. and Bhatia, S. K. (2017) “CHANGING PATTERN OF INDIA’S MERCHANDISE EXPORTS”, Journal of Global Economy, 13(3). doi: 10.1956/jge.v13i3.471.
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