Arbeitspapier
India and the global demand for commodities: Is there an elephant in the room?
After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, Indias' impact on global commodity markets has been muted. The authors examine how Indias' domestic and trade policies have distorted and constrained its demand for commodities. They find that Indias' industrial policies have altered the expansion path of its economy, putting the service sector to the forefront and likely reducing Indias' demand for metals. Sector-specific policies, such as those promoting self-sufficiency in agriculture, have altered Indias' demand for food commodities and its supplies of those commodities to international markets. Recent policy reforms in manufacturing have boosted output, which coincides well with an increase in Indias' demand for metals over the past 45 years. Continued policy reforms are likely to diminish the distorting influence of Indias' domestic and trade policies. Indias' demand for energy and metals should rise as some rebalancing occurs in its economic structure.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Discussion Paper ; No. 2008-18
- Classification
-
Wirtschaft
Empirical Studies of Trade
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Economywide Country Studies: Asia including Middle East
- Subject
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Development economics
International topics
Entwicklung
Wirtschaftswachstum
Internationale Wirtschaftsbeziehungen
Import
Strukturwandel
Gesamtwirtschaftliche Nachfrage
Indien
- Event
-
Geistige Schöpfung
- (who)
-
Francis, Michael
Winters, Corinne
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
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Ottawa
- (when)
-
2008
- DOI
-
doi:10.34989/sdp-2008-18
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Francis, Michael
- Winters, Corinne
- Bank of Canada
Time of origin
- 2008
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