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EconomicsVolume 2: India and the International Economy$
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Jayati Ghosh

Print publication date: 2015

Print ISBN-13: 9780199458943

Published to Oxford Scholarship Online: September 2016

DOI: 10.1093/acprof:oso/9780199458943.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 August 2019

India’s Experience with Export-led Growth

India’s Experience with Export-led Growth

Chapter:
(p.21) 2 India’s Experience with Export-led Growth*
Source:
Economics
Author(s):

Ananya Ghosh Dastidar

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199458943.003.0002

This chapter examines the role of export-led growth in the Indian context, placing it in context of overall industrialization strategy and trade policy, as it underscores key elements affecting India’s export performance in the pre- and post-reform periods. It reviews a large body of literature and identifies the key aspects of trade and industrial policy that have affected growth and employment creation in the manufacturing sector and in this context analyses India’s performance with respect to exports of manufactures, highlighting some of the problems faced by Indian exports and the ways these can be addressed by policymakers. Alongside it discusses conceptual issues related to export-led growth, outlines analytical frameworks that may be used to study its implications and reviews evidence on the empirical validity of the ‘export-led growth hypothesis’, in the Indian context.

Keywords:   causality, domestic market, employment, export performance, export-led growth, foreign direct investment (FDI), Indian exports, industrialization, merchandise exports, reforms, trade liberalization

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