The Resurgence of India's International Trade: A Post-COVID Analysis
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Author: Harjinder Singh, Sarbjeet Singh and Jitendra Kumar Pal
Author Address: Assistant Professor, Post Graduation Department of Economics, Government Mohindra College, Patiala-147001 (Punjab), Assistant Professor, and Research Scholar, Department of Economics, Punjabi University Patiala-147002
Keywords: Current account balance, merchandise trade, trade in services, trade policy, V-shape recovery.
JEL Codes: F10, F14, F19.
Abstract
The study examined the patterns, structure, and trajectory of Indian trade within the post-COVID-19 global landscape. Additionally, it differentiated between trade in goods and services, evaluating the unique contributions of each sector to the Indian economy's external trade. The Reserve Bank of India's handbook of statistics on the Indian economy and the export-import data bank of the Ministry of Commerce and Industry were used as secondary data sources. To thoroughly analyse the future perspectives of international trade, various aspects were considered, including the changing dynamics of technology, geopolitical conditions, the sustainability of socio-economic and ecological systems, and the inherent capabilities of the Indian economy. The analysis indicated that the trade trajectory demonstrated a V-shaped recovery after COVID-19, mirroring India's GDP growth rate.
Description
Indian J Econ Dev, 2024, 20(4), 729-740
https://doi.org/10.35716/IJED-23585