Question

Choose one or several countries you are interested in to analyze its or their trade status with the rest of the world, or with some country or countries or regions you want to learn about.
Your analysis could be in terms of trade volume, trade structure, trade balance, intra-industry trade, anti-dumping investigation cases suffered and anti-dumping measures applied, or something else we have learned from this course. You can focus on total trade or just explore one or some kinds of industries or products. It depends on you.

Answer 1

Trade status of India with the rest of the world.

Foreign trade involves imports and exports to and from india . It is administered by ministry of Commerce and industry. In 2017, foreign trade was 48.8% of India's GDP.India's overall exports in April 2020 was USD 27.96 billion and imports USD 27.80 billion,so there was negative growth of -47.36 %.Its trading partners are United Arab Emirates,China , United States,Saudi Arabia , Switzerland,Singapore, Germany , Hongkong,Indonesia, Iraq,Russia and Japan.

Trade volume of India- India exports 7500 commodities to 190 countries,and imports 6000 commodities from 140 countries.

Trade structure-Currently , India's share in the world trade is 2.07% of the total world trade.Exports of non traditional goods have increased. There has been increase in exports of chemical and engineering goods.Thus trade volume rose and composition of exports has changed.

Trade balance- India's trade deficit has fallen to USD 6.76 billion in April 2020 from  USD 9.76 billion in March 2020.This was the smallest trade gap since 2016..

Intra industry trade refers to the exchange of similar products which belongs to the same industry.This refers to international trade where the same types of goods are imported as well as exported.India's contribution of intra industry trade in total trade have increased.India's intra industry trade is vertical in nature and a fall in trade rate increased the degree of intra industry trade.

Dumping takes place when the price at which a product is exported to a country is less than the normal value at which similar goods are sold at the exporter's domestic market. It has been found that only an insignificant number of cases can be found on this basis.It has been found theoritically ,that higher prices are charged by exporters to avoid investigation.

Anti dumping measures in India--To ensure that dumping activities do not affect the domestic market , anti dumping duties has been imposed by the government of India against an exporter who is charged of injury to a domestic industry in India. The anti dumping law in India is the Custom'sTariffAct, 1975.