240 pages | 64 B/W Illus.
This book examines the linkages between exchange rates and India’s merchandise trade since the 1990s. It looks at India’s trade in the post-liberalisation period through its two main components: commodities and trading partners, and provides a bird’s eye view through aggregate analyses accompanied by a historical narrative of the evolution of trade and exchange rate dynamics. Presenting a comprehensive analysis of bilateral and product-specific trade, the book explores the impact of exchange rate on labour intensive sectors and charts out major development. It also offers compelling evidence to suggest that if some commodities are identified as integral to India’s export plans, then the impact of exchange rate must be weighed by the Reserve Bank of India (RBI) prior to a market intervention.
This timely volume will be of interest to scholars and researchers of economics, business and finance, development studies, trade, business and industry as also practitioners, think-tanks and policymakers.
List of Figures and Tables
Preface and Acknowledgements
2. Exchange Rate Movements and Trade Patterns in India
3. Commodity-Wise Trade and Impact of Exchange Rate
4. Bilateral Trade and Exchange Rates
At a time when countries of the South Asian region are in a state of flux, reflected in far-reaching economic, political and social changes, this series aims to showcase critical analyses of some of the central questions relating to the direction and implications of those changes. Volumes in the series focus on economic issues and integrate these with incisive insights into historical, political and social contexts. Drawing on work by established scholars as well as younger researchers, they examine different aspects of political economy that are essential for understanding the present and have an important bearing on the future. The series will provide fresh analytical perspectives and empirical assessments that will be useful for students, researchers, policy makers and concerned citizens.
The first books in the series cover themes such as the economic impact of new regimes of intellectual property rights, the trajectory of financial development in India, changing patterns of consumption expenditure and trends in poverty, health and human development in India, and land relations. Future volumes will deal with varying facets of economic processes and their consequences for the countries of South Asia.