Interdependence in Imports, Production, Exports and Term of Trade in India - An Empirical Study

International Journal of Management & Contemporary Thought, Vol. 1, No. 1, p. 40, 2007

9 Pages Posted: 1 May 2014

See all articles by Justin Paul

Justin Paul

University of Puerto Rico

A. Ramanathan

Indian Institute of Technology - Bombay - Department of Humanities and Social Sciences

Date Written: 2007

Abstract

Emphasis has been laid down to liberalisation of imports as part of transformation process, and globalisation programme in India. Accordingly, many policy initiatives have been taken, which brought down the applicable customs duty rate to less than 20 percent on an average. Further, the licensing requirements on facilitating the availability of imported raw materials and capital goods at a lower cost the Indian producers. With this background, this paper aims to analyse the trends in import of industrial sector and liberalisation period. The hypothesis is that the import finished goods, raw materials and capital goods are expected to increase, even though the terms of trade have not been deteriorated significantly.

Keywords: Imports, Terms of Trade, Trend Growth Rate, Causality

Suggested Citation

Paul, Justin and Ramanathan, A., Interdependence in Imports, Production, Exports and Term of Trade in India - An Empirical Study (2007). International Journal of Management & Contemporary Thought, Vol. 1, No. 1, p. 40, 2007, Available at SSRN: https://ssrn.com/abstract=2430946

Justin Paul (Contact Author)

University of Puerto Rico ( email )

Ponce De Leon Avenue
00931-3300
Puerto Rico

A. Ramanathan

Indian Institute of Technology - Bombay - Department of Humanities and Social Sciences

Bombay, Mumbai 400 076
India

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