International Journal of Innovative Research in Engineering and Management
Year: 2025, Volume: 12, Issue: 6
First page : ( 81) Last page : ( 89)
Online ISSN : 2350-0557.
DOI: 10.55524/ijirem.2025.12.6.14 |
DOI URL: https://doi.org/10.55524/ijirem.2025.12.6.14
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)
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Dipankar Pradhan
This paper examines the connection between the export values of the chosen groups of commodities - tea, spices, and ceramic glassware and the economic output (GDP) of India, through time series approach based on trend analysis, unit root test, and multivariate regression. In order to ascertain whether these sectors play a major role in real GDP growth, the annual data of 15 years are examined. Augmented Dickey-Fuller (ADF) test confirms the stationarity of each series and trend diagrams provide a graphical display of the changing pattern of the dependent and independent variables. Empirical results of multiple linear regression indicates that the level of explanatory power (R2 = 0.986) is high and this implies that the export performance of the selected sectors is also an important factor in determining macroeconomic results. There is a negative correlation between spices and GDP, and positive correlation between tea exports and ceramic glassware. The results provide guidance as to where trade policies should prioritize and show the different effects of expansion of sectoral exports on the entire economy. To gain a deeper insight, structural and policy variables should be included in the future research as the study has not considered them because of the limited scope of the study to trend and statistical relationships.
Assistant Professor, Faculty of Management and Commerce, ICFAI University, Tripura, India
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