Exports Drive Economic Growth in India, Import Dependency Revealed
The article examines the relationship between foreign trade and economic growth in India from 1980 to 2016. By analyzing data on exports, imports, and GDP, the study finds a strong positive correlation between these variables. The results show that exports have a one-way causal relationship with economic growth, while imports have a similar impact. Economic growth influences both exports and imports in India. The study highlights the importance of foreign trade for the country's economic growth, with exports and imports playing a significant role in driving the economy forward.