Scribd Logo
Upload

Welcome to Scribd!

  • Foreign Trade

    Uploaded by

    Manan Tyagi
    21 views8 pages
    India's major export partners can be divided into five groups: 1) OECD countries like the US, EU, Canada, Australia and Japan, which accounted for over half of India's exports in 1990-91 but less than half by 2005-06. 2) OPEC countries like Saudi Arabia and Iran, whose import share from India has been rising. 3) Eastern Europe, whose share dropped from nearly 18% to under 2% from 1990-91 to 2005-06 due to the dissolution of the USSR. 4) Developing countries, which now account for over a third of India's exports, especially China, Hong Kong, Singapore, and other Asian nations. 5) All other countries, whose import share from India

    Original Description:

    gdfgdf

    Original Title

    1. Foreign Trade

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    India's major export partners can be divided into five groups: 1) OECD countries like the US, EU, Canada, Australia and Japan, which accounted for over half of India's exports in 1990-91 but less than half by 2005-06. 2) OPEC countries like Saudi Arabia and Iran, whose import share from India has been rising. 3) Eastern Europe, whose share dropped from nearly 18% to under 2% from 1990-91 to 2005-06 due to the dissolution of the USSR. 4) Developing countries, which now account for over a third of India's exports, especially China, Hong Kong, Singapore, and other Asian nations. 5) All other countries, whose import share from India

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    21 views8 pages

    Foreign Trade

    Uploaded by

    Manan Tyagi
    India's major export partners can be divided into five groups: 1) OECD countries like the US, EU, Canada, Australia and Japan, which accounted for over half of India's exports in 1990-91 but less than half by 2005-06. 2) OPEC countries like Saudi Arabia and Iran, whose import share from India has been rising. 3) Eastern Europe, whose share dropped from nearly 18% to under 2% from 1990-91 to 2005-06 due to the dissolution of the USSR. 4) Developing countries, which now account for over a third of India's exports, especially China, Hong Kong, Singapore, and other Asian nations. 5) All other countries, whose import share from India

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 8

    Direction of India's trade

    By direction of trade we mean the countries with

    which India keeps international trade relations. It also


    helps us to understand the diplomatic relations
    maintained by India with other countries in direction
    of trade.
    For the purpose of direction of trade, the countries to
    which India exports are broadly divided into following
    five groups.

    Direction of India's trade

    Direction of India's trade


    The group of countries to which India Exports are : Organisation for Economic Co-operation &
    Development (OECD) comprising of USA, Canada,
    European Union (EU), Australia and Japan.
    Organisation of Petroleum Exporting Countries
    (OPEC) which includes Kuwait, Iran, Iraq, Saudi
    Arabia and others.
    Eastern Europe which includes Romania, Russia and
    others.
    Developing Nations which includes China, Hong
    Kong, South Korea, Singapore and Malaysia.

    Direction of India's trade


    The above table reveals following changes in India's
    Exports :1. OECD

    The OECD group accounted for a major portion of


    India's exports. The share of this group was 56.4% in
    1990-91 & 44.3% in 2005-06. About 45% of these exports
    have been to European Union (EU) countries.

    Direction of India's trade


    2. OPEC
    The share of OPEC which was 5.6% in 1990-91. In 200506 it has increased to 14.8% i.e. share of OPEC has been
    showing an upward trend since 1990-91.

    Direction of India's trade


    3. Eastern Europe
    There was a rapid decrease in the share of Eastern
    Europe particularly U.S.S.R. Due to political problems &
    disintegration of the U.S.S.R, the share of Eastern
    Europe decreased from 17.9% in 1990-91 to 1.9% in 200506.

    Direction of India's trade


    4. Developing Countries
    The share of developing nations increased from 17.1% in
    1990-91 to 38.7% in 2005-06. Asian countries now
    account for 1/4th of India's export earnings. Among the
    Asian countries the major export destinations have been
    Hong Kong, Singapore & Thailand.

    Direction of India's trade


    5. Other Countries
    The share of other countries has declined from 3.00% in
    1990-91 to 0.3% in 2005-06.

    You might also like