Export Led Growth of India - 3114 Words

Economic Growth of India Economic Growth is one of the foremost goals of policymakers throughout the world. Every country has varied strategies across the time for pursuing this objective. One amongst all the strategy is the export-led growth. This strategies directly associated with East Asian countries during the recent period. Export-led growth model appears to have become a desirable for many developing countries across the globe in recent years. Following the Asian financial crisis of 1997–1998 and the global recession in 2001, the developing countries generated considerable interest in the potential of export-led growth a relative rapid growth along with surplus in the current. In this report we have done a study on the strategy-†¦show more content†¦Benefits of export to the GDP growth of a country : †¢ †¢ Provides opportunities to achieve economies of scales and economic growth. Export-led growth can create profit, allowing a country to balance their finances and surpass the ir debts. †¢ †¢ Increased export growth can trigger greater productivity. Finances its imports. PROBLEMS OF EXPORT LED GROWTH : Less Economic diversification : Export-led growth economies, by encouraging specific industries, simultaneously discourage other industries, resulting in less economic diversification. This exposes the economy to risk if global demand shifts away from the goods the country exports. This becomes especially important in agriculture-based economies that move from a self-sustaining economy to one focused on exports. For example, if a country s farmers stopped growing food for subsistence and started growing tobacco for export, this country would not only suffer economically if global demand for tobacco dropped, it may no longer be able to feed itself. Because the government actively encourages specific industries by offering subsidies and other monetary incentives, it runs a risk of encouraging the wrong industries. Comparative advantage is difficult to ascertain in practice because determining the relative efficiency of an entire industry requires a large amount of data that can be beyo nd the scope of aShow MoreRelatedThe Economic Development Of China1130 Words   |  5 Pagesstrategy of export led industrialization and economic liberalization. We should recognize the success that China has had with export-led growth and want to emulate the policies that have enabled incredible economic development to occur in our neighbors to the north. Since 1991, we have taken great strides to modernize our country. But, there are still inefficiencies in our economy that need to be addressed to ensure continued economic development. Theory behind export-led industrialization: Export-led industrializationRead MoreWhy Exports Are Important For India?938 Words   |  4 PagesWhy exports are important for India? Ever since the lowering of trade barriers under the new World Trade Organisation (WTO) led new world business order, each global economy is trying its best to make its presence felt on the world business centre stage. India too, has steadily been trying to improve its image as a serious global trade player. Of late the country has taken many initiatives to bolster its image as not just a low-cost service provider but a world-class manufacturing and export hubRead MoreTrade Liberation Of India Reduce Unemployment1317 Words   |  6 Pages sowjanya tiruveedhula 10-27-2015 Did trade liberation in India reduce unemployment â€Æ' Contents 1. What is trade liberation 2 2. Trade liberation in India 2 3. Back ground of trade liberation in India 2 4. Trade liberation and employment 3 5. Trade and Employment 4 6. Unemployment rate 5 7. Output 5 8. Summary 5 Bibliography 6 1. What is trade liberation The elimination or decrease of restrictions or obstructions on the free exchange of goods amongst nations. This comprises theRead MoreRelationship Between Gdp and Export1099 Words   |  5 PagesRELATIONSHIP BETWEEN EXPORT AND GDP OF TANZANIA SOPHIA IBRAHIM MSc.in Computer Science Abstract This paper analyses the relationship between export and Economic growth of Tanzania and evaluate the relationship of these variables for the period of 2000-2010.It is observed from the data obtained from National Bureau of Statistics website that export is increasing for the period of ten years from(2000 – 2010) likewise GDP is increasing. Therefore these two items relate to each other. It can be concludesRead MoreCotton Textile Industries in India1484 Words   |  6 PagesINTRODUCTION The Textile Industry occupies a vital place in the Indian economy and contributes substantially to its exports earnings. Textiles exports represent nearly 30 per cent of the countrys total exports. It has a high weight age of over 20 per cent in the National production. It provides direct employment to over 15 million persons in the mill, powerloom and handloom sectors. India is the world’s second largest producer of textiles after China. It is the world’s third largest producer of cotton-afterRead MoreIndia s Growth Of Domestic Market954 Words   |  4 Pagesa slow growth of domestic market. This led Brazil to a balance of payment shortcoming since there were more import goods rather than exports. Because of this flaw, there have been a lot of government’s intervention in the market. But such intervention could not fix the failure in the market and the import goods were still exceeding. This period of industrialization in Brazil is viewed as the background of t he later decline of its regular commodities exports. Within the similar period, India also adoptedRead MoreIndia and China: Ancient Civilizations in the Modern World1022 Words   |  4 PagesChina and India are two of the oldest surviving civilizations in the world. Prior to the 18th century, Europeans viewed these nations with the utmost respect in regards to their immense wisdom and wealth. However, around the time of the early nineteenth century Europeans began to view these civilizations through a different lens. In the eyes of Europeans, these once renowned civilizations had become debilitated and obsolete. The twentieth century only further instated the agony associated withRead MoreWhat Is The Market Analysis Of The U. S-India Trade?837 Words   |  4 Pagesanalysis has reviled that the mutual U.S.-India trade grew to total over $100 billion in merchandises and services in 2016, even though there was drop in global trade volumes. The United States remained India’ s leading trading affiliate, with exports of American commodities and services to India totaling $42.0 billion (up 5.8% from 2015), and imports from India totaling $72.9 billion (India - Market Overview India, 2017). The United States is India’s number one export market, and it has a trade surplusRead MoreWhat ´s the Information Technology Industry? Essay1389 Words   |  6 PagesITeS sectors lead the economic growth in terms of employment, export promotion, revenue generatios and and standards of living. As per NASSCOM estimates, IT/ITeS sectors (excluding hardware) revenues are estimated at USD 87.6 billions in FY 2011-12; and the industry is expected to grow by 19 per cent during FY 2012-13. The IT/ITeS sector has led to employment opportunity, both direct and indirect, of nearly 2.8 millions and around 8.9 million respectively. This growths is expected to increase to moreRead MoreEssay on It Industry In India995 Words   |  4 PagesIT industry in India During the past decade, the Indian IT industry has been experiencing a dramatic growth. It grew from Rs.4.7 billion in 1991 to Rs.755.47 billion in 2003, accounting for nearly 3% of the GDP. The revenues generated from software exports reached $10.4 billion for the financial year 2003 with a 30% growth over the previous year. The main factors which contributed to the success story of the Indian IT industry are: -Support from the government in the form of industrial parks