Recent Change in the Dimensions of India's Foreign Trade

Abstract

Whole world has recognized India as super power of 21st century. India is youngest county in the world growing a rate of more than 8 percent. Large population of India provides market to the countries of the world. At the same time it provides opportunities to India in terms of extracting the potentials of its manpower and other resources to emerge as real super power. India's foreign trade should also reflect her potentials to emerge as a super power. Preset paper aims at analysing the recent changes in the pattern of foreign trade. Information on various dimensions on India's foreign trades like imports, exports, balance of payment, composition of trade by commodities and countries, etc are collected and analyzed to find out trend and pattern and its impact on future. India's trading relations with Canada are also analyzed. These types of analysis assist in the formulation of international policies.

Keywords: Foreign trade, IPR

JEL Classification: A11, A12, A13