An analysis of India's trade openness: since 1950–2010

The concept of openness indicates that, access to more capital flows, technology, cheaper imports, and larger export markets. The Government of India introduced a series of reforms to liberalize and globalize the Indian economy adapting to the path of openness from mid-1991. The main focus of these reforms has been on Liberalization, openness and export promotion activity. The degree of openness of the Indian economy is measured as (). This is a trade openness Index. The result of this study share of India's exports and import in GDP show a positive trend. After economic reform the share of exports in GDP is continuously increasing in 1991–1992 to 7.5% and 2009–2010 is 13.8% and the relative share of imports are continuously increasing in 6.2% in 1960 it but in 1991–92 has 8.1% and after economic reform 2009–2010 is 22.3%. Trade openness at present is 36.2 percent in 2009–2010.