Exports, imports and economic growth in India: An empirical analysis
K. Krishna REDDY
Abstract
K. Krishna REDDY
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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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