Dynamics of Indian Export Trade

Contents: Preface. I. Introduction. II. Theories of international trade and the developing countries. III. Performance of Indian exports: 1. Performance of sectoral exports. 2. Performance of exports: analysis in terms of unit value index and volume index. 3. Some features of Indian exports. 4. Rationale and extent of diversification of exports. 5. Linkage effects of export diversification. 6. India’s share in world exports. 7. Exports and balance of trade. IV. Growth of India’s domestic output and its effects on the growth of exports: 1. A survey of literature. 2. The Indian growth model and its implications for export growth. 3. Relation between gross domestic product and exports in India. 4. Growth of sectoral national income and sectoral exports. 5. Regression analysis of growth of sectoral NDP and sectoral export growth. V. Terms of trade and exports: 1. Concepts of the terms of trade. 2. Terms of trade and the developing countries. 3. Review of literature. 4. Terms of trade and exports. 5. Terms of trade and India’s exports. 6. Regression analysis of the effects of terms of trade on exports. 7. Regression analysis of sectoral terms of trade and sectoral exports. VI. Change in the structure of output and its impact on the structure of exports and total exports: 1. Economic development and structural change. 2. Review of literature. 3. Structural change in gross domestic product of the Indian economy. 4. Regression analysis of the effect of change in the structure of output on the structure of export. 5. Regression analysis of the effect of change in the structure of output on the behaviour of sectoral export. 6. Regression analysis of impact of change in the structure of output on the behaviour of exports. VII. Exports and economic growth: 1. Export-led growth in 19 and 20 centuries. 2. The theory of export-led growth. 3. Export and economic growth in developing countries. 4. A survey of empirical studies. 5. Some empirical studies of the Indian economy. 6. Quantitative analysis of relationship between exports and economic growth. VIII. Indian export policy: 1. Rationale of trade policy in a developing economy. 2. Theory of strategic trade policy. 3. Export promotion versus import substitution. 4. Indian export policy: a critical analysis. 5. Exchange rate policy. 6. Fiscal policy and the foreign trade sector. 7. Monetary policy and the foreign trade sector. 8. Other aspects of trade policy. 9. Development of organisational framework. 10. The recent trade policy. 11. The EXIM policy of 1997-2002. 12. An assessment of the new trade policy. 13. The world trade organisation and Indian trade policy. IX. Conclusion. Bibliography. Index.

"This book studies the international aspects of Indian economic development. Besides analysing the different theories of international trade and their relevance to the developing economies, it has studied such issues as the performance of Indian exports, their characteristic features, their structural deficiencies, diversification and linkage effects as well as meeting the country in trade deficits, it has gone into a detailed analysis of the effects of economic growth on exports, the effects of changes in the terms of trade on exports, those of changes in the structure of output in the structure of exports as total exports. It has also studied the effect of export on economic growth of the country apart from the analysis of Indian export policy in all its exports and the effects of India’s acceptance of the Dunkel draft and membership of the World Trade Organisation. It has also applied the appropriate quantitative techniques to test the relationships between the different variables." (jacket)