IDEAS home Printed from https://ideas.repec.org/p/bca/bocadp/08-18.html
   My bibliography  Save this paper

India and the Global Demand for Commodities: Is There an Elephant in the Room?

Author

Listed:
  • Michael Francis
  • Corinne Winters

Abstract

After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The authors examine how India's domestic and trade policies have distorted and constrained its demand for commodities. They find that India's industrial policies have altered the expansion path of its economy, putting the service sector to the forefront and likely reducing India's demand for metals. Sector-specific policies, such as those promoting self-sufficiency in agriculture, have altered India's demand for food commodities and its supplies of those commodities to international markets. Recent policy reforms in manufacturing have boosted output, which coincides well with an increase in India's demand for metals over the past 4–5 years. Continued policy reforms are likely to diminish the distorting influence of India's domestic and trade policies. India's demand for energy and metals should rise as some rebalancing occurs in its economic structure.

Suggested Citation

  • Michael Francis & Corinne Winters, 2008. "India and the Global Demand for Commodities: Is There an Elephant in the Room?," Discussion Papers 08-18, Bank of Canada.
    • Handle: RePEc:bca:bocadp:08-18
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-18.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Development economics; International topics;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocadp:08-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.