IB0015- Foreign Trade of India

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ASSIGNMENT

DRIVE WINETR	SPRING 2015
PROGRAM	MBADS (SEM 4/SEM 6)MBAFLEX/ MBAN2 (SEM 4) PGDIB (SEM 2)
SUBJECT CODE & NAME	IB0015- Foreign Trade of India
SEMESTER	4
BK ID	B1908
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q. 1. Discuss the Heckscher-Ohlin theory of international trade.

Answer:An economic theory that states that countries export what they can most easily and abundantly produce. The Heckscher-Ohlin model is used to evaluate international trade, specifically trade equilibriums between countries that may have different features. The model emphasizes how countries with comparative advantages should export goods that require factors of production that they have in abundance, while importing goods that it cannot produce as efficiently.  The model was developed by two economists, Bertil Ohlin and Eli Heckscher. 

The Heckscher–Ohlin model (H–O model) is a

Q.2 What is the role of services exports in recent years in India’s composition of trade? Discuss.

Answer : Role of services exports in recent years in India’s composition of trade

Foreign Trade is one of the significant macro fundamental variable of an economy. India till recently was predominantly a primary goods exporting and mainly an industrial goods importing country.

In 1950s, India's share in the world trade was 1.78% which was decline to 0.59% in 1990 and continues to remain around 0.60% till now. India's share in world exports was 0.8% in 2006.

A. Composition of India's Exports

Britishers strongly believed that India was a

Q3 .Discuss the trends in the principal imports of India in the last 5 years.

Answer : Answer:The Economy of India is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies, a member of BRICS and a developing economy with around 7% average growth rate since last two decades. Indian Economy become world's fastest growing major economy from last quarter of 2014 replacing China.

Q.4. Write short notes on India’s trade with:

a. LAC region

Answer: Even in literary circles, though, obstacles abounded. Neruda visited India four times. In Madras, he was impressed by Indian women and their saris, wrapped “around the body with supernatural grace, covering them in a single flame as shining silk.” But he had a falling out with Prime Minister Jawaharlal Nehru, who in 1951 left him waiting for a long time before receiving him, and penned one of his darkest and most ominous poems, “India 1951.” The fact that India and many Latin

b. Africa

Answer:At the center of Indo-LAC relations is the Brazil-India link. Joined by the acronym that defined the decade (BRICs, the term coined by Goldman Sachs to refer to the emerging powers of Brazil, Russia, India, and China), and despite differing interests on some key issues like agriculture, Brazil and India have together taken on the role of leading the New South —that is, the post–Cold War developing

Q5 What are Special Economic Zones? Write one sentence each on any 5 SEZs in India.

Answer : A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. The category 'SEZ' covers a broad range of more specific zone types, including Free Trade Zones (FTZ), Export processing zones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free ports, Urban Enterprise Zones and others. Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC).

Q.6 What is the need and role of Focus Market Scheme? Discuss in detail.

Answer : Focus Market Scheme

The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.

Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely

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