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India`s Foreign Trade during 1983-2022: Trend and Pattern


Dr. Pragyesh Nath Tripathi, Dr. Kanchan Singh
Pages: 53-62
ISBN: 978-93-5834-312-0


Business Management: A New Paradigm (Volume -7)

Business Management: A New Paradigm
(Volume - 7)

Abstract

This paper analyses the trend and pattern of India`s foreign trade in terms of export (oil, non-oil and total) and import (oil, non-oil and total) during the period 1983-2022. The unit root test results indicate that export (oil, non-oil and total) and import (oil, non-oil and total) data series are non-stationary at level but it’s become stationary at first difference. The semi-log model and semi-log non-linear regression model have been applied for producing average annual growth and acceleration or deceleration growth for export (oil, non-oil and total) and import (oil, non-oil and total) during the period 1983-2022. The comparison of the four selected periods (1983-1992, 1993-2002, 2003-2012 and 2013-2022) the highest average annual growth of oil, non-oil and total import have been observed during the period 2003-2012. While lowest average annual growth of oil, non-oil and total import have been noted for the period 2013-2022. At the same time, comparison of the four selected periods (1983-1992, 1993-2002, 2003-2012 and 2013-2022) the highest average annual growth of oil, non-oil and total import have been observed during the period 2003-2012. While lowest average annual growth of oil, non-oil and total import have been noted for the period 2013-2022.

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