Major trade indicators of chemical industry in India
In this paper an effort was made to examine the major trade indicators of Chemical industry in India for the reference period spreading between 2000–2014. This study was based on secondary data. Tools of analysis such as base year index number, chain index number, Market shares (MS), Trade Openness Factor, Exports to Imports Ratio were used to analyse the data. It was found that both export and import indices had shown fluctuations throughout the reference period under study i.e from 2000 to 2014. Export share was always lower than the import share except in the year 2001 and 2014. More than 90 percent of changes in the growth of export were due to the influence of time factor and the remaining negligible percentage might be due to other related factors which were incidental. The maximum trade openness was occurred to the extent of 71.22 percent in the year 2008.