The Role of Exports in India's Economic Growth

Pradeep Agrawal ()
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Pradeep Agrawal: Institute of Economic Growth, Delhi

IEG Working Papers from Institute of Economic Growth

Abstract: We analyse the role of exports in India's economic growth and examine whether the exportled growth hypothesis (ELGH) applies to India. Our causality analysis provides support for the validity of the ELGH for India for the post- trade liberalisation period (though not for the preliberalisation period). Error variance decomposition and other analyses are also undertaken; these corroborate the results of the causality analysis and suggest that the rapid growth of exports has played a substantial role in increasing the growth rate in India following trade liberalisation in 1991.

Keywords: Exports; growth; causality; export-led growth; India (search for similar items in EconPapers)
Pages: 27 pages
Date: 2014
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Published as Institute of Economic Growth, Delhi, 2014, pages 1-27

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Persistent link: https://EconPapers.repec.org/RePEc:awe:wpaper:345

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