Export Led Growth of India
Economic Growth of India
Economic Growth is one of the foremost goals of policymakers throughout the world. Every country has varied strategies across the time for pursuing this objective. One amongst all the strategy is the export-led growth. This strategies directly associated with East Asian countries during the recent period. Export-led growth model appears to have become a desirable for many developing countries across the globe in recent years. Following the Asian financial crisis of 1997–1998 and the global recession in 2001, the developing countries generated considerable interest in the potential of export-led growth a relative rapid growth along with surplus in the current. In this report we have done a study on the strategy- export-led growth and a detail analysis on the various problems and prospects related to the said strategy. We have also tried to give a brief overview of the impact of the export-led strategy on the economy of India.
An Overview:
What is export? Any goods or commodities which are transported from one country to another country for their use in trade is known as export. Export goods or services are provided to the foreign consumers by the domestic producers. There are essentially two types of products that are exported namely, manufactured goods and raw materials. The association between exports and growth is usually attributed to the possible positive externalities for the domestic economy that arises from the participation in the world market. Growth in exports plays a crucial role in the entire growth process of a nation by stimulating the demand and encouraging savings and capital accumulation. This is because exports increase the supply potential of an economy, by raising the nation’s capacity to import.
What is export led growth ?
Export-led growth, also known as Export-oriented Industrializations is a trade and economic policy, which is aimed at speeding up the industrialization process of a country by exporting
Economic Growth is one of the foremost goals of policymakers throughout the world. Every country has varied strategies across the time for pursuing this objective. One amongst all the strategy is the export-led growth. This strategies directly associated with East Asian countries during the recent period. Export-led growth model appears to have become a desirable for many developing countries across the globe in recent years. Following the Asian financial crisis of 1997–1998 and the global recession in 2001, the developing countries generated considerable interest in the potential of export-led growth a relative rapid growth along with surplus in the current. In this report we have done a study on the strategy- export-led growth and a detail analysis on the various problems and prospects related to the said strategy. We have also tried to give a brief overview of the impact of the export-led strategy on the economy of India.
An Overview:
What is export? Any goods or commodities which are transported from one country to another country for their use in trade is known as export. Export goods or services are provided to the foreign consumers by the domestic producers. There are essentially two types of products that are exported namely, manufactured goods and raw materials. The association between exports and growth is usually attributed to the possible positive externalities for the domestic economy that arises from the participation in the world market. Growth in exports plays a crucial role in the entire growth process of a nation by stimulating the demand and encouraging savings and capital accumulation. This is because exports increase the supply potential of an economy, by raising the nation’s capacity to import.
What is export led growth ?
Export-led growth, also known as Export-oriented Industrializations is a trade and economic policy, which is aimed at speeding up the industrialization process of a country by exporting