An econometric analysis of trade to economic growth of India

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dc.contributor.authorBudihal, Nikshep
dc.contributor.authorMarathe, Kaushik
dc.date.accessioned2024-12-28T10:33:38Z
dc.date.available2024-12-28T10:33:38Z
dc.date.issued2023
dc.description.abstractThe study uses econometric analysis spanning 1960 to 2022 investigates the trade-wise contributions to India's economic growth. Employing ARDL modeling, Pearson correlation analysis, and cointegration tests, the study examines the specific impacts of exports and imports on Gross Domestic Product (GDP). Results indicate that both exports and imports significantly influence economic growth, with strong positive correlations and distinct long and short-run causalities. Model adequacy tests affirm the reliability of the econometric model, capturing 91 per cent of the GDP variation. This study provides valuable insights into the intricate relationships between GDP, exports, and imports, offering pertinent information for policymakers and stakeholders involved in strategic economic planning.
dc.identifier.citationMukt Shabd Journal. 12(12); 2023; 223-233.
dc.identifier.issn2347-3150
dc.identifier.urihttps://shabdbooks.com/volume-12-issue-12-december-2023
dc.identifier.urihttp://khandolacollege.ndl.gov.in/handle/123456789/116
dc.language.isoen
dc.publisherShabd publication
dc.subjectSOCIAL SCIENCES::Business and economics::Economics
dc.titleAn econometric analysis of trade to economic growth of India
dc.typeArticle
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