EXPORT AND IMPORT PERFORMANCES OF INDIA: AN ANALYSIS FROM 1995-2015


P. Bharathi
,
Abstract

This paper examines the India’s export and import performance of India from 1995-2015. For the analysis, the data is collected from Reserve Bank of India; Handbook of Statistics on Indian Economy. From the period of 1995-96 to 2014-2015, the data is collected. From the analysis, it is found that the growth rate of major commodities of export from India faces wide fluctuations over the period and there is an important need to concentrate on export to a huge extent. Otherwise, the country has to face deficit balance of payment for all the years, which may affect the local trade, employment and growth of the country. However, there is scope to increase in export of Indian products thereby earning more foreign currencies alone can uplift the growth of the country to higher level. Still the country faces deficit balance of payment and it is due to decrease in export of India. As a whole, the import of bulk and non-bulk products has fallen over the period. In total, the import has fallen in all bulk products such as petroleum, crude and products, bulk consumption goods and other bulk items. The fall in import shows the growth of Indian production and at the same time the level of export has to be increased to a huge extent. Increase in export of commodities alone can hike the growth of the economy. Otherwise dependency of India might be on other counties for all the needs.

KEYWORDS: import, export, manufacture and agricultural products growth rate

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Vol : 4
Issue : 11
Month : November
Year : 2016
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