Export, Import and Economic Growth in India: A Study

Export and Import are very crucial part of our international trade and have always been so in the past. Export helps the country to earn dearer foreign exchange which supports imports and this promotes the economic growth. This study is carried out to investigate the linkage between exports, import and GDPat factor cost at constant price in India for the period post liberalization from 1991-92 to 2012-13. It is analyzed how exports and imports contribute to the economic growth of India. This study found that imports must be supported by exports to achieve continuous growth in the economy. Export tends to have a positive influence on economic growth by keeping import constant but import negatively influences economic growth by keeping export constant.