International Journal of Applied Research
Vol. 2, Issue 2, Part K (2016)
Trade performance of India: Since reforms
The era of liberalization aimed to increase the efficiency and international competitiveness of industrial production and to utilize for the purpose of foreign investment and foreign technology to a greater degree than in the past. The unnecessary limitations and tariff are withdrawn for the smooth export and made economy more open to the world. Another objective of the policy is to make economic stabilization by substantially reducing fiscal deficit. Compared to last decade the improvement in the trade is quite worthwhile. The economy showed a positive trend and thus the Balance of payment also improved. The current account deficit and the GDP debt ratio also declined considerably. The liberalization measures had shifted the direction, composition, quantity of the same in to a different magnitude.
How to cite this article:
Flowarin AD. Trade performance of India: Since reforms. Int J Appl Res 2016;2(2):698-700.