Calculations of Revealed Import Dependency Index of Commodities Imported by India in Post-WTO Regime

EasyChair Preprint 13410

Abstract

Due to developing nature of India’s Economy, there is always an increasing trend in demand of various good and services in India. India is not a self-reliant economy that is India needs to import various commodities from various economies of world. In this context we need to identify the import dependency of India in various commodities. In 2021-22 Indian Economy records an annual growth rate of 8.7%, which reflects rapid growth of Indian Economy. In this research paper we have identified five commodities of interest imported by India. We have calculated Revealed Import Dependency index of commodities of interest in Post-WTO regime. As there were transformational shift in India’s imports in Post-WTO period due to first degree reforms framed and executed since early 1990s. We have also consider the relative position of India with respect to global economic environment. During the research I have come to know the intensity of dependency on imports of commodities of interest.

Keyphrases: Trade, import dependency index, international trade, trade deficit

@booklet{EasyChair:13410,
  author    = {Prashant Saxena},
  title     = {Calculations of Revealed Import Dependency Index of Commodities Imported by India in Post-WTO Regime},
  howpublished = {EasyChair Preprint 13410},
  year      = {EasyChair, 2024}}