ZENITH International Journal of Business Economics & Management Research
  • Year: 2015
  • Volume: 5
  • Issue: 10

An analysis of India's merchandise exports with uae in post-reform era

  • Author:
  • Heena Goel
  • Total Page Count: 12
  • Page Number: 65 to 76

Research Scholar, Department of Economics, Lovely Professional University, Phagwara, (Punjab)

Online published on 21 January, 2016.

Abstract

International trade plays an important role in economic development and growth of a country. India is not exception to this rule. The dramatic policy shifts of early 1990s have brought considerable changes in India's foreign trade scenario. India's foreign trade, in volume and value terms, registered a considerable growth during the post-reform period. One more noticing feature of India's trade is its growing trade ties with UAE. The value of India-UAE trade, during post-reform period, grew at a fabulous rate. That is the reason why UAE has emerged as top trading partner of India. The importance of their bilateral trade is becoming apparent with each passing day. Any attempt for strengthening their trade or economic ties would, therefore, be most rewarding for their rapid development. During 1991–2014, the two way trade mainly dominated by commodity group i.e. pearls, precious stones, metals, coins, etc. This was the result of liberal policies adopted by the government to promote the trade of these commodities. But it indicates that India and UAE still have to exploit their mutual trade potentials over a vast range of commodity groups. Thus, the present study is a humble attempt to analyse India's merchandise exports with UAE in post-reform era.

Keywords

India, Merchandise Exports, Post-reform era, UAE, Unit Value