TABLE OF CONTENTS

S.No. PARTICULARS

PAGE NO.

TABLE OF CONTENTS

i-ii

ABSTRACT

iii

1. Introduction

2. Literature Review

3. Perspective for India

4. Trade and Development

5. Trade Policy and Economic Performance: A Brief Historical Overview

6. Recent Evidence on Trade and Economic Growth

7. Trade Liberalization and the Millennium Development Goals

10

7.1 Poverty and Income Distribution

11

7.2 Child Labor and Schooling

12

7.3 Health

12

8. Economic Growth and Poverty

13

9. Child Labor and GDP per capital, 1995

13

10. India's Economic Reforms

14

10.1 A Gradualist Approach

15

i) Fiscal Stabilisation

16

ii) Industrial Policy and Foreign Investment

18

iii) Trade and Exchange Rate Policy

19

iv) Tax Reform

20

v) Public Sector Policy

21

vi) Financial Sector Reform

22

vii) Reforms and the Agricultural Sector

25

viii) Labour Market Reforms

26

10.3 A Tentative Assessment

26

11. Conclusions

28

References

30

ABSTRACT
Developing countries play a major & vital role in the trade market, it is beneficial to the country
in all the means like in economy & in the development of the country. Every time a country
cannot go for a aid, it should start developing on its own, so TRADE is the only means & the
way through which the country can be successful in its FUTURE. Today we are in business
world. So when we are improving that country like developing surly we are maintained the trade
mark. Business is the biggest tool of improving country. And also improve our economy. And
one thing friends. Our India running in the corruption. Youth only to reduced that. Then only
improve the country. Developing countries definitely needs trade from the neighboring and other
developed countries. This helps in increasing the economic conditions and it develops a good
bondage between them. One cannot always aid a person so it is better to help him by providing
an opportunity to grow.
Trade is opportunity for growth. Liberates economy. It Earns on Assets, and will make
developers self sufficient and pave way to explore their potential. Aid is an instant remedy. Not
cure. Trade is better than aid because trade improves the efficiency of a country since there are
some products which may be being found in the developed countries but not in the developing
ones therefore I will go for trade and not aid. Definitely trade is better than aid as the aids given
in form of funds are not utilized properly for development and large sum of money goes inside
the pocket of ministers. But with the trade any developing country can be benifited in two ways
one it will get money for growth and development and secondly it will abridge the gap between a
developing country and developed country.