Published Paper Details:

Abstract This study explores India's trade dynamics from 1991-1992 to 2019-2020, a period marked by significant economic reforms. Utilizing data from reputable sources like the RBI, WTO, UNCTAD, World Bank, and WITS, detailed analysis was conducted on exports and imports, categorizing them by industries, countries, and regions. Through rigorous cleaning and analytical methods such as time-series analysis and trend detection, the study reveals fluctuating trade balances, with exports and imports both experiencing substantial growth. The widening trade deficit underscores the need for sustainable balance policies. Furthermore, global events like the 2008-09 Global Financial Crisis and the COVID-19 pandemic have impacted India's trade. Pre-1991, India operated as a closed economy with high import duties and restrictions on foreign investment, emphasizing domestic control of commercial sectors. Ethical considerations were prioritized, adhering to terms of use specified by data sources. India's trade balance shifts between surplus and deficit due to global ties and economic factors. Exports rise steadily, demonstrating product competitiveness. Imports grow, showing increased international product integration. However, the widening trade gap, reaching $184 billion in 2018-19, calls for sustainable policies. External events like the Global Financial Crisis and COVID-19 affect India's trade balance, emphasizing the need for adaptability.