Abstract: Indian foreign trade has come a long way in value terms from the time of gaining independence in 1947. The total value of India’s merchandise export increased from 1950-1951 to in 2014-2015 .After Liberalization of 1991, India trade growth has picked up place. In the last decade and at present, the composition of trade is dominated by manufactured goods and services. The share of exports of Indian service sector in global exports is more than double of that of Indian exports. Under the central governments’ campaign “MAKE IN INDIA “new projects will be coming upon the future in our economy. The present paper focuses on the foreign trade of India since 1947 to 2015.
Keywords: Economic Growth and Growth Rate, Exports, Imports, Trade Balance, Total Trade, Liberalization, Privatization.
Title: INDIA’S FOREIGN TRADE SINCE 1947-2015 IMPACT ON INDIAN ECONOMY GROWTH
Author: Obaid-Ur-Rehman
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
