India's Merchandise Exports

Abstract

The paper examines the trends, compositions and growth rates of India's merchandise exports in US $ terms. There has been significant acceleration of growth rates in the post reform period. Export composition has moved in favour of manufacture exports. Engineering goods have emerged most significant during the period 1987-2014. However, the volatility has also gone up, calling for policy vigilance for stabilization of exports value in the context of persistent trade deficit.