Study On Indian Foreign Trade Structures

As one of the BRICS, India is a large agricultural country, and it has one tenth of the world arable lands. After independence economy has greater progress, and agricultural made development from being serious lack of food to self-sufficiency. Industrial has formed a relatively complete system, and has great self-sufficiency ability. Since 1990 s, service industry of India has developed rapidly, and the proportion of GDP increased year by year. India has become an important exporter of global software, financial services. During the Tenth Five-Year Plan( 2002~2007), India is one of the fastest growing countries in the world. Since 2008, influnced by the international financial crisis, economic growth slowed down. In recent years, the government of India continues to deepen economic reform, and accelerates the privatisation of state-owned enterprises, and implements sales liberalization of some daily necessities including agricultural products, and improves the investment environment, and streamlines government institutions, and reduces the fiscal deficits, and so on. India has become the third largest economies in Asia. India’s textile, food, precision instruments, automobile, aviation and space, software and other emerging industry developed rapidly. In February 2015, the India Department of statistics expected that India’s economic growth rate will increase from 6.9% of the 2013/2014 fiscal year to 7.4% of the 2014/2015 fiscal year. On the contrary, China’s economic growth rate decreased from 7.7% to 7.4% in 2014, which is the lowest for 24 years. The other BRICS countries’ situations are not optimistic too. According to the expectation of World Bank and IMF, India’s economic growth rate will exceed China in 2016, and IMF expects that in 2016 India’s economic growth rate will be 6.5%, and China’s will be 6.3%.All of the BRICS countries’ economy is slowing down, but only India is a notable exception! What is the reason?In addition, the rise of India has brought great changes to the world economy layout. Changes of world political and economic patterns urgently require the study of India for China. “Sun Tzu on the Art of War” says that know yourself as well as the enemy, and you can win. In the world economic arena, if China want to further deepen economic cooperation with India, and achieve political cooperation through economic union, it requires a detailed understanding of current situation of India’s economy.Foreign trade has made tremendous contribution to the economic growth of India. In order to answer the above questions, this paper takes India’s goods trade and service trade as the research object, from the angle of structure, and use the foreign trade representative index to study the India’s foreign trade, in order to provide enlightenment and reference to the development of China’s foreign trade and cooperation between China and India.This paper mainly includes the following parts:Introduction section includes the purpose and significance of the topics, research methods, the main contents and innovation.The first chapter is the definition of related concepts and theories and literature review. In this chapter, the author defines the concepts of foreign trade structure, trade structure of goods and service trade structure, and carry on the discussion about the trade structure theories, and makes literature review from three aspects, including India’s goods trade and India’s service trade and trade structure.The second chapter is the study on commodity structure of India’s goods trade. In this chapter the paper gives an overview of the development of goods trade in India, and then studies the commodity structure of India’s goods trade and growth rate, and use the Trade Competitive Index(TC index), Revealed Comparative Advantage Index(RCA), Revealed Symmetric Comparative Advantage Index(RSCA index) and Michaely Competitive Advantage Index(MI index) to analysis the international competitiveness of India’s goods trade.The third chapter studies the India’s regional structure of goods trade. This chapter mainly studies the present status and evolutions of India’s regional structure of goods trade, and analyzes the Intercontinental structure and nationality area structure of goods trade, and then make a further research on basic features and development trends of goods export markets and import markets.The fourth chapter studies commodity structure of service trade in India. This chapter first gives an overview of the development of India’s service trade, and then studies the commodity structure and growth rate of service trade, and uses the index to analyse the international competitiveness of service trade in India.The fifth chapter is the study on the regional structure of service trade of India. This chapter mainly studies the present status and evolutions of India’s regional structure of service trade, and then make a further research on basic features and development trends of service export markets and import markets.The sixth chapter discusses the inspiration and suggestions of the study on the foreign trade structure of India.The final comment makes a further consider about the trade in value added and sustainable economic development, and the competition between India and China.