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DAMODARAM SANJIVAYYA NATIONAL LAW UNIVERSITY

ECONOMICS II
SYNOPSIS OF PROJECT

Name of Student: Mridul Prateek Singh

Registration number: 2013070

Topic of Project: Imports Trends In India

Type of Review: In the present context the method followed is secondary review as all
information has been collected from secondary sources.

Literature Review: The primary literature reviewed while doing this project is a study of the
following:
1- World Trade Report of 2011,2012,2013,2014
2-

Introduction to Commerce Department Import Controls, Bureau of Industry and


Security

3- Imports Regulation Data Base ( Gov. Site )

Scope of the Project: This paper tends to study the concept of Import Trends In India

Main issues to be dealt with: The main issues that are to be dealt in this project are the concept
what are the trends that influence the Imports in India in International market and Domestic
market.

Research Methodology: The method of Doctrinal Research has been followed

ABSTRACT
Since the inception of planning, the external sector of the Indian economy has undergone
significant transformation.
The share of foreign trade in the country's GNP has been rising over the years. It has increased
from 11.7 per cent in 1985-86 to 14.5 per cent in 1990-91 and further to 16.9 per cent in 199293.
During the planning era, an expansion or rising trend of India's foreign trade is visible. To get
a correct perspective, we have taken the values of imports and exports in US dollars rather
than in rupees.
Large Increase in Imports:
The increase in India's imports has been very large over the years. Imports in value terms have
increased from US $ 1,273 million in 1950-51 to US $ 21, 882 million crores in 1992-93. In
1980-81, the annual growth rate of imports was very high at 40 percent as against that of
exports at about 7 per cent. In 1992-93, import growth rate was over about 13 per cent as
against export growth rate of 4 per cent. In 1994-95 it was 23 per cent. In 1995-96 it went up
to 28.0 per cent. In 1996-96 it declined to 5.1 per cent.
However, during 1980-81 to 1992-93, the exponential growth rate of imports (in rupee terms)
of India worked out at 7.9 per cent. There has been a marked rise in percentage share of
imports in India's GDP. (73% in 2000-01)
Heavy imports of capital goods, fertilisers, petroleum and some other essential commodities,
steep rise in import prices have contributed to the rise of imports in India.
Major Important Trend that influence: - Foreign Exchange Earning, Widening Trade
Deficits, Inflation, Interest rate