Effect of Opening-Up of Indian Economy on Indo-Southern African Trade

Year 2019, Volume: 2 Issue: 1, 99 - 144, 30.10.2019

Sonia Anand Dhir Shri Prakash

Abstract

 

         Effect of Opening-Up of Indian Economy
on Indo-Southern African Trade

SHRI PRAKASH¹, SONIA ANAND DHIR²

 

1. Former Professor of Eminence, Birla
Institute of Management Technology, Greater Noida. e mail : [e-mail]

2.Assistant Professor, IMS Noida, Sector
– 62, Noida. e mail : [e-mail]

 

Abstract

 

Adoption
of NEP in 1990-91 was designed primarily to replace slowly growing closed
Indian economy by rapidly growing open economy. The study determines the degree
of openness of Indian economy and the profile of time path traversed towards
this goal under NEP. The opening up of the closed economy is expected to have
resulted in changes in magnitude, direction and composition of trade. So, the
research question is ‘has the quantum and structure of trade with traditional
partners and new partners, if any, changed under NEP? The paper focuses only on
Indo-Southern African trade since 1990-91. Rationale of this choice is that
both Indian and some Southern African Economies are emerging market economies
and these two have close relations for long. Statistical and Econometric models
have been used for data analysis to furnish answers to the research question. The
major findings of the study indicate that Southern African countries have
emerged as new trade partners of India and highlight the need for greater
policy focus in case of these new trade partners of India towards enhancing
trade by exploring new opportunities.

JEL code: F14

 

Contact info: Dr Shri Prakash : 91- 7840809072, Dr (Prof.) Sonia Anand Dhir
: 91-9999693216

 

Key-Words : Indo African trade, NEP, Emerging Market
Economies, Exports

1. 
   

Keywords

Indo African trade, NEP, Emerging Market Economies, Export

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