ISO 9001:2015

INTERNATIONAL TRADE AND ECONOMIC GROWTH OF INDIA: AN EMPIRICAL ANALYSIS

Sumitra Devi Sahu & Dr. Shiv Dayal Singh

The issues of international trade and economic growth have gained substantial importance with the introduction of liberalization policies in most of the developing countries as in India. We remark the fact that developing countries are benefitted from trade with developed countries and slowly enhancing their growth. We apply this fact in our study. Different theories and statistical evidences reveal that international trade has positive effect on growth. Hence, we continue our efforts to explain the relation between these two variables and the reliability of different related theories. To study the impact of international trade on economic growth, the time period has been taken from 1991 to 2020. To examine the relation between international trade and economic growth simple OLS method has been applied by using the SPSS software.

___________________________________________________________________________________

 

Keywords: International Trade, Economic Growth, Correlation, Coefficient of Determination, OLS.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download