INTRODUCTION
The purpose of this study is two-fold: (1) to study the
natural resource content of India's foreign trade and (2) to
test empirically the factor structure of India's foreign trade
by talking into account not only the capital and labor requirements but also the natural resources, the skill content and the
Research and Development (R and D) activities. The selection
of this topic for our dissertation reflects the resurgent
interest in the pure theory of International trade.