Structure of demand for India's exports of selected engineering goods: 1961 -1971 (global)

Abstract

Engineering goods have been a very important dynamic element in the changing structure of India s exports during the last decade. In this research project, we have empirically estimated price and income elasticities of demand for our exports of 48 selected engineering goods to the world market as a whole. This analysis of demand for exports of 48 selected engineering goods from India during the period 1961-71 confirms the hypothesis hat most of the engineering products hold a great potential for growth of exports in the coming years. This study would help the exporters and policy makers to understand the structure of demand for our exports of engineering goods and to formulate a strategy for the growth of such exports during the coming years.