2020•RePEc: Research Papers in EconomicsOpen access

Exports, imports and economic growth in India: An empirical analysis

K. Krishna REDDY

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Abstract

The study examines the relationship between exports, imports and economic growth in India, spanning the period from 1980-2019. The study findings confirmed the long-run relationship among exports, imports and economic growth and also reported that there is a unidirectional causality from economic growth to exports; exports to economic growth; exports to imports; imports to economic growth in the short-run. In the long-run, author confirmed that there is a bidirectional causality relationship between economic growth and exports; and exports and imports. Finally, the study results indicate that both exports and imports increase economic growth in India.

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What this paper is about

The study examines the relationship between exports, imports and economic growth in India, spanning the period from 1980-2019. The study findings confirmed the long-run relationship among exports, imports and economic growth and also reported that there is a unidirectional causality from economic growth to exports; exports to economic growth; exports to imports; imports to economic growth in the short-run. In the long-run, author confirmed that there is a bidirectional causality relationship between economic growth and exports; and exports and imports. Finally, the study results indicate that both exports and imports increase economic growth in India.

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Available abstract

The study examines the relationship between exports, imports and economic growth in India, spanning the period from 1980-2019. The study findings confirmed the long-run relationship among exports, imports and economic growth and also reported that there is a unidirectional causality from economic growth to exports; exports to economic growth; exports to imports; imports to economic growth in the short-run. In the long-run, author confirmed that there is a bidirectional causality relationship between economic growth and exports; and exports and imports. Finally, the study results indicate that both exports and imports increase economic growth in India.

Key concepts: Economics, International economics, International trade, Economic geography

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