Online published on 20 July, 2015.
A country has trade relations with one or more than one country overtime. The GDP of any country has changed overtime, so also the trade (exports/imports) value. Change in trade value is caused by change in GDP other things remaining the same. Trade (exports/imports) intensity of a country is the ratio between trade value (exports/imports) and the GDP Trade intensity is one of the important indicators of a country which reflect the country's growth and development in the context of international perspective.
India is one of the important countries in South-East Asia. This country is now emerging economy in the world. In this economy the GDP has changed over time, so also the trade (exports/imports) value. Therefore, in this context this paper examines the relationship between the trade value and the GDP in terms of trade intensity, trade openness and competitiveness during reform period in the economy of India.
Trade intensity (export/import) can be defined as the ratio between the trade value and the GDP. Openness of trade is the ratio between total trade value (exports plus imports) and the GDP. On the other hand, export and import competitiveness represent the relationship between exports or imports with GDP. Export intensity is discussed in Section I, growth of export intensity is measured in section II and export competitiveness in Section III and. Section IV includes concluding remarks.
