India’s Export Policy: Trends and Prospects

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The present book analyses the trends and prospects of India’s exports and export policy since 1970. Our analysis shows that the growth of India’s exports was slower than that of world exports and as a result India’s share in world exports declined consistently since 1970. Slow growth of India’s exports was largely attributable to commercial and fiscal policies adopted by the Government which remained biased against exports. A brief analysis of the impact of post 1991 trade liberalization measures on exports are also provide in the study. Higher export growth and improved share in world exports during the ‘nineties’ was made possible due to reorientation of India’s trade policy during the reform period. Trade policy changes undertaken during 1990s aimed at not only sharp reduction in customs tariffs, but also included phasing out of quantitative and other type of trade restrictions and the adjustment of exchange rates. The devaluation of the rupee in July 1991 and the transition to the market-based exchange rate were aimed at enhancing the price competitiveness of our exports. An analysis of the broad trend of movement in some of India’s major export commodities is also provided in the book. Calculation of correlation coefficient between domestic production and export of the major exportable commodities shows an important fact that domestic demand for major exportables has been increasing. But rise in domestic production of exportables was not high enough to create adequate export surplus. It is necessary to identify the problems faced by exporters and try to remove them. The study will help in designing of suitable trade policies and micro strategies for promoting export growth. Thus reading of the book is essential for policy makers, researchers and students.

ABOUT THE AUTHOR Puspa Tarafdar

Dr. (Mrs.) Puspa Tarafdar, former Reader in Economics, Sarojini Naidu College for Women (Kolkata) with over 35 years of teaching experience, has done extensive research in the field of India's Exports and Export Policy. She completed her graduation from Presidency College, Calcutta and M.A. and Ph.D. from the University of Calcutta. Currently, she is a Faculty Member of Institute of International Trade, Kolkata, a centre for WTO studies. She has contributed several research papers to International and National conferences and seminars. Her published articles in different journals and edited volumes include "Exchange Rate Behaviour in Developing Countries with Special Reference to India", "Trade Policy Reforms in India", "Impact of Globalization on Poverty", "Globalization and Poverty in India with special reference to West Bengal", "Globvalization: Impact on Developing Countries with reference to India", "Currently Union for the Association of South East Asian Nations", "Towards a Monetary Union for the ASEAN" etc.

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Bibliographic information

Title
India’s Export Policy: Trends and Prospects
Author
Edition
1s ed.
Publisher
ISBN
817629814X
Length
x+214p., Tables; Figures; References; Bibliography; Index; 23cm.
Subjects