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Published Paper Details:
Paper Title
PERFORMANCE OF INDIA'S FOREIGN TRADE SINCE 2015
Authors
Rahul Kumar, Umendra Singh
Keywords
FTP, Export, Import, BOP, Economic Growth, GDP, GVC, Openness of the Economy
Abstract
With the implementation of trade liberalisation policies in emerging countries worldwide, the issues of foreign trade and economic growth have significantly increased in prominence. This study attempts to analyse the performance of India's foreign trade since 2015 and the impact of foreign trade on economic growth. This study reveals that even after economic reforms and various trade policies, the openness of the Indian economy is just 46 percent, and the trade deficit of India rose to 2,64,898.87 million USD from 1,37,625.92 million USD from 2015-2023. This means India's foreign trade grew, but the growth of exports was lower than the growth of imports. It is also found that exports and the openness of the economy are positively related to the growth of economy, while imports are negatively related.
IJCRT's Publication Details
Unique Identification Number - IJCRT2312905
Paper ID - 249732
Page Number(s) - i18-i27
Pubished in - Volume 11 | Issue 12 | December 2023
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Rahul Kumar, Umendra Singh, "PERFORMANCE OF INDIA'S FOREIGN TRADE SINCE 2015", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 12, pp.i18-i27, December 2023, Available at :http://www.ijcrt.org/papers/IJCRT2312905.pdf
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Submit Manuscript Online Impact Factor: 7.97 Review Results : Within 02-03 Days Paper Publication : Within 02-03 Days
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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