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The Role of Exports in India's Economic Growth

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  • Pradeep Agrawal

    (Institute of Economic Growth, Delhi)

Abstract

We analyse the role of exports in India's economic growth and examine whether the exportled growth hypothesis (ELGH) applies to India. Our causality analysis provides support for the validity of the ELGH for India for the post- trade liberalisation period (though not for the preliberalisation period). Error variance decomposition and other analyses are also undertaken; these corroborate the results of the causality analysis and suggest that the rapid growth of exports has played a substantial role in increasing the growth rate in India following trade liberalisation in 1991.

Suggested Citation

  • Pradeep Agrawal, 2014. "The Role of Exports in India's Economic Growth," IEG Working Papers 345 JEL Classification: O, Institute of Economic Growth.
    • Handle: RePEc:awe:wpaper:345
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    References listed on IDEAS

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