Ø Important facts regarding India’s country – wise exports are
Ø At the start of planning process in India in 1950-51, the share of UK in India's total exports was as high as 23.3 per cent and came down to 2.8 per cent in 2010-11.
Ø The second position in 1950-51 and 1960-61 was occupied by the USA, its share in India’s exports being 19.3 per cent and 16.0 per cent in these years respectively.
Ø After 1960-61, India’s trading relations with capitalist and communist countries expanded at a very rapid pace.
Ø In 1990-91 USSR with a share of 16.1 per cent in India's export earnings occupied the first position with USA (share 14.7 per cent).
Ø Japan with a 9.3 per cent occupied the third position. The position changed markedly thereafter due to the disintegration of USSR which accounted for only 0.6 per cent of export earnings in 2010-11.
Ø In 2010-11, UAE with a share of 13.0 percent occupied the top position.
Ø It was followed by USA (share 10.1 per cent), China (7.6 per cent), Hong Kong ( 4.5 per cent), Singapore(4.2 per cent), Netherlands(3.0 per cent), UK (2.8 per cent), Germany (2.6 per cent) and Belgium (2.5 per cent ).
Ø In the pre-independence period, the direction of India’s foreign trade was determined not according to the comparative cost advantages of India but the colonial relations between India and Britain.
Ø The combined share of UK and USA in India's export earnings was 42 per cent in 1950-51.
Ø With other capitalist countries like France, Germany, Italy, Japan, etc. India either did not have trade relations at all or they were very insignificant.
Ø The situation has changed very much since, and now after six decades of planning, the trading relations exhibit marked changes.
Ø At the start of planning process in India in 1950-51, the share of UK in India's total exports was as high as 23.3 per cent and came down to 2.8 per cent in 2010-11.
Ø The second position in 1950-51 and 1960-61 was occupied by the USA, its share in India’s exports being 19.3 per cent and 16.0 per cent in these years respectively.
Ø After 1960-61, India’s trading relations with capitalist and communist countries expanded at a very rapid pace.
Ø In 1990-91 USSR with a share of 16.1 per cent in India's export earnings occupied the first position with USA (share 14.7 per cent).
Ø Japan with a 9.3 per cent occupied the third position. The position changed markedly thereafter due to the disintegration of USSR which accounted for only 0.6 per cent of export earnings in 2010-11.
Ø In 2010-11, UAE with a share of 13.0 percent occupied the top position.
Ø It was followed by USA (share 10.1 per cent), China (7.6 per cent), Hong Kong ( 4.5 per cent), Singapore(4.2 per cent), Netherlands(3.0 per cent), UK (2.8 per cent), Germany (2.6 per cent) and Belgium (2.5 per cent ).
Ø In the pre-independence period, the direction of India’s foreign trade was determined not according to the comparative cost advantages of India but the colonial relations between India and Britain.
Ø The combined share of UK and USA in India's export earnings was 42 per cent in 1950-51.
Ø With other capitalist countries like France, Germany, Italy, Japan, etc. India either did not have trade relations at all or they were very insignificant.
Ø The situation has changed very much since, and now after six decades of planning, the trading relations exhibit marked changes.
No comments:
Post a Comment