ZENITH International Journal of Business Economics & Management Research
  • Year: 2019
  • Volume: 9
  • Issue: 5

Does gross domestic product effect import of good and services? evidence from Indian data

  • Author:
  • B R Manjunath1, R Arun Kumar2
  • Total Page Count: 20
  • Page Number: 27 to 46

1Associate Professor, International School of Management Excellence (ISME), Bangalore, manjubr.biet@gmail.com

2Operations Analysis Analyst, IHS Markit, Bangalore, arunaru081@gmail.com

Online published on 1 June, 2019.

Abstract

In 1991 India entered into the era of trade reforms with the advent of WTO and it is moving gradually towards an open economy. Imports provide an important virtuous link between trade and, output growth. Gross Domestic Product (GDP) is most commonly used as an indicator of the economic health of a country as well as a measure of a country's standard of living. Therefore this study aims to investigate whether the variation in the GDP growth of the country will affect the import of goods and services or not.

Keywords

Import Goods and Services, Fiscal policy, GDP growth, Granger causality, India, Business environment