Effect of exports on the economic growth of India: An econometric study

Economies in the period of Globalization are concerned with escalating the quality of life of their citizens which is mainly ensured by the macro-economic prosperity in any economy. And, macro-economic prosperity is further secured by a rise in the Gross Domestic product, which makes it the solution objective of any economy. The objective of the paper is to understand in depth the direction, volume and composition of India's exports and study the impact of India's exports on GDP. In this context the present paper makes a modest attempt to highlight the trends and patterns of exports in India and also analysis its impact on the Indian economic growth. To empirically test this relationship, Regression analysis was carried out between the Exports and GDP. The data span for the study is from 1990 to 2013. The results reveal a significant relationship of India's export and economic growth.