Indices of India s Invisible Trade, 1951-80

Indices of India's Invisible Trade, 1951-80 Neela Mukherjee In view of the significance which invisibles have gained in international trade over the past years, it is only by inclusion of invisible trade that we can get an overall picture of a country's terms of foreign trade. An attempt has been made in the present study to construct unit-value indices and quantum indices of India's invisible receipts and payments.