India’s TGR Ratio | Mint Explains | Mint

The video discusses India's trade-to-GDP ratio (TGR) and the factors that have contributed to its decline in recent years. One factor is the price of crude oil, which has always been a large part of India's imports. Another factor is the disappointing global growth in the last decade, which affected India's exports. However, the recent recovery in India's exports of goods and services is a likely turning point, indicating that improvements in processes and physical infrastructure are beginning to enhance the competitiveness of India's merchandise exports. India's openness to trade is not limited to just exports, as the country continues to pursue an open-minded and pragmatic approach to international trade. It also explains that India's declining TGR is not a sign of increased insularity or withdrawal from the global trading system, but a reflection of underlying factors, and India's policies to support its industries and trade with other countries are working well.