A STUDY ON GROWTH AND IMPACTS OF INDIA’S FOREIGN TRADE -AN ENGINE FOR ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

Govindan P ()

Applied Econometrics and International Development, 2020, vol. 20, issue 2, 161-174

Abstract: This study main investigates that the growth of Exports, Imports and Trade Balance from 1949-50 to 2018-19 in India. It also reveals that the India’s export profile state wise share for 2016-17 to 2018-19. This study furthers study on India performance in global trade 2011-2017 and finally examines that the India’s exports and imports by destination for 8 digits HS code level 2016-17 to 2018-19.This present research data were processed with help of descriptive statistical and inferential statistical techniques applied such as correlation, regression, ANOVA and Paired t test were tested for various hypotheses.India’s exports by destination 2016-17 to 2018-19 revealed that the first position secured by USA, followed by United Arab Emirates and third rank secured by China. Imports by destination 2016-17 to 2018-19 revealed that the first position secured by China, followed by USA and third rank secured by United Arab Emirates. Top ten exports destinations were secured by during the years 2016-17 (50.83%), 2017-18 (50.78%) and 2018-19 (50.78%). Top ten destinations imports were secured by during the years 2016-17 (50.82%), 2017-18 (50.32%) and 2018-19 (52.86%). This investigation concluded that the India has passed and amendment successfully different most important commercial, legal and economic reforms in the past two decades. It shows constructive impact on improving the business environment for international trade into India it will be golden opportunity for strengthening positive trade balance position of India in future.

Keywords: Imports. Exports; Globalization; Balance of trade; Business; India; Regions. (search for similar items in EconPapers)
Date: 2020
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