Dr.Rupali Ahluwalia

(Dept. Of Commerce)

St.Aloysius College(Auto.) Jabalpur

Dr.Rupali Ahluwalia

(Dept. Of Commerce)

St.Aloysius College(Auto.) Jabalpur

IntroductionIntroduction

• The aim to present the new trends in India’s external Sector(Foreign Trade)

• This shall be done by studying the various dimensions of the Economic reforms of Liberalization , Privatisation and Globalisation{LPG} and gauging their impact.

• The new dimensions in the VOLUME, COMPOSITION and DIRECTION of India’s Foreign Trade shall be presented.

• The aim to present the new trends in India’s external Sector(Foreign Trade)

• This shall be done by studying the various dimensions of the Economic reforms of Liberalization , Privatisation and Globalisation{LPG} and gauging their impact.

• The new dimensions in the VOLUME, COMPOSITION and DIRECTION of India’s Foreign Trade shall be presented.

Indian EconomyIndian Economy

ECONOMIC REFORMS ECONOMIC REFORMS

TRADE AND INDUSTRY REFORMS ASSOCIATED WITH ECONOMIC REFORMS

TRADE AND INDUSTRY REFORMS ASSOCIATED WITH ECONOMIC REFORMS

TRADE POLICY

REFORMS

TRADE POLICY

REFORMS

LOOK EAST

POLICY

LOOK EAST

POLICY

IMPACT ON INDIA’S EXTERNAL SECTOR AND FOREIGN TRADE

• India’s imports are broadly classified into bulk and non bulk items. The product groups such as food and allied products, fuel, ores and metals, fertilizers and paper, paper board and pulp fall under bulk category and the other items constitute the non- bulk category. The import trends show that the bulk items have been dominant imports for India, both in the pre and post reform period with these items still constituting the major portion of the national import bill. The episode of import librelisation did not dramatically alter the trends in imports of bulk items with only marginal changes in terms of decline has been seen in imports of food and allied products and fertilizers. Thus the commodities in India’s import basket have not changed much and primarily comprise of import of bulk items the table below clearly brings to light the same.

• India’s imports are broadly classified into bulk and non bulk items. The product groups such as food and allied products, fuel, ores and metals, fertilizers and paper, paper board and pulp fall under bulk category and the other items constitute the non- bulk category. The import trends show that the bulk items have been dominant imports for India, both in the pre and post reform period with these items still constituting the major portion of the national import bill. The episode of import librelisation did not dramatically alter the trends in imports of bulk items with only marginal changes in terms of decline has been seen in imports of food and allied products and fertilizers. Thus the commodities in India’s import basket have not changed much and primarily comprise of import of bulk items the table below clearly brings to light the same.

DIRECTION OF TRADE DIRECTION OF TRADE

CONCLUSIONCONCLUSION

HAVE A GREAT DAY

GOD BLESS