Dynamic of India’s Imports

This book is a comprehensive study of India's imports sector during the period 1986-87 to2005-06. The book analyses the growth pattern and structure of India's imports. It studiesthe determinants of aggregate imports as well as of major categories of imports. The demandfor imports is influenced by many factors including size growth pattern of population relativeprices rate of capital formation growth rate of GNP and growth of export earnings. Thisbook estimates import demand functions for India's total imports as well as for some of itsmajor categories and derives important policy recommendations related to import demanddeterminants. The relationship between import and growth can be investigated with the helpof causality analysis. The book analyses causal relationship for total imports and also forsome of the major categories of imports with GDP at factor cost. Apart from income variablethe causality analysis has been extended to cover the impact of domestic production onmajor categories of imports.