An Analysis of Indian Commercial Dynamism in International Trade

Abstract

The study first looks at the fundamentals of growth rate, trade balance, coverage rate, openness rate, and the share of global indicators before presenting each of them in more detail. It thus assesses India's overall commercial dynamism. A thorough analysis is made using data gathered from the World Bank's databank in order to carry out this study. An analysis of time series data is performed using data from 2000 to 2021. MS Excel is then used to analyze the data and provide a suitable interpretation. The results show that India has an average growth rate of 12.16 for imports and 12.02 for exports, a deficit trade balance over the years, a coverage rate that ranges from 78.49 (2012) to 97.97 (2020), trade openness that ranges from 26 (2001) to 56 (2012) percent, and a total global market share of 2.52 (2021) and 0.79. (2000). Researchers, other stakeholders in the field, and policymakers in nearby counties, specifically mentioning Bangladeshi, Pakistani, Myanmar and Indian governments, could all benefit from this study's findings. Keywords: Commercial dynamism, Export-import analysis, India, International trade, Time-series data JEL Classification: F1, O2, O4