Indian Foreign Trade Deficit during COVID-19
| Case Code: ECON098 Case Length: 9 Pages Period: 2019-20 & 2020-21 Pub Date: 2021 Teaching Note: Available |
Price: Rs.300 Organization : - Industry :- Countries : India Themes: Macroeconomic Environment/ International Trade |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
Trade Deficit
Since 1990, India had been experiencing an overall trade deficit (difference between imports and exports). India’s trade of tangible goods usually reported a deficit, while its trade in services had a surplus. During the three years (2016-18), India saw an increase in its trade deficit with as many as 25 major countries including China, South Korea, Japan, Germany, Iraq, and Saudi Arabia..
Road Ahead
Analysts observed that India needed a robust Foreign Trade Policy (FTP) that could tackle the new normal amid the pandemic at a time when nations across the world were struggling to deal with situation and the economic downturn caused by it. They expected the new FTP to be strong enough to deal with the unforeseen repercussions of a pandemic and an increasingly protectionist world..
Exhibits
Exhibit I: India’s Merchandise and Services Trade (As of March-May 2019 and 2020)
Exhibit II:
India’s Merchandise Trade: Preliminary Data from January 2020 and February 2021)
Exhibit III: Trade in Goods and Services in India (April-Sept, 2019 & 2020)
Exhibit IV: Commodity Group Exports and Imports in India
Exhibit V: Merchandise Trade
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