Why India should be concerned about the US economy

Trade-to-GDP ratio crossed 50% by the time of the global financial crisis in 2008 . Trade-to-GDP ratio had crossed 50% by the time of the global financial crisis in 2008 .

Many areas of the Indian economy were not integrated with the rest of the world prior to liberalisation in the 1990s.Up until 1990, the sum of India's exports and imports of commodities and services was little more than 15% of its GDP.Because trade accounted for just over 20% of GDP at the time, it fared well during the Asian financial crisis of 1997.However, India's trade-to-GDP ratio had crossed 50% by the time of the global financial crisis in 2008, thus its effects were felt widely.