Growth, Structure and Determinants of India’s Imports 1980-81 to 2000-01
The period 1980 onwards is a very crucial period for the Indian economy due to vast changes in international economic order as well as domestic policy regimes. Imports sector, along with Indian economy, has undergone significant structural changes during this period. Hence the study of India’s imports, its growth, structure and determinants during pre and post liberalization period covering 1980-81 & 2000-01 assumes importance. The present study has been organized to analyse the growth, structure and import demand functions of total imports and some of major categories of imports for the period 1980-81 to 2000-01. For this study, the secondary data have been collected from the various issues of Annual statements And Monthly Statistics of Foreign Trade, Economic Survey and Reports of Currency and Finance. For the estimation of different import demand functions, the major determinants of imports are relative prices (ratio of Unit Value Index to Whole Sale Price Index), Gross Domestic Product at factor cost as income measure, Foreign Exchange Reserves as a measure of capacity to import and dummy variable as a policy variable. In case of various categories of imports domestic production and gross domestic capital formation (in case of Machinery category) are also important determinants. A dummy variable has been included to study the impact of liberalization policy on imports. The value of dummy variable is ‘zero’ for 1980-81 to 1989-90 and it is ‘one’ for 1990-91 onwards. In case of all the variables, excluding the dummy variable are at constant (1993-94) prices.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:jge:journl:212. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr J K Sachdeva)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.