stdClass Object
(
    [id] => 18074
    [paper_index] => 202511-02-024823
    [title] => FOREIGN TRADE AND ECONOMIC GROWTH IN INDIA: AN ANALYTICAL STUDY
    [description] => 
    [author] => Dr.Parameshwara Naik 
    [googlescholar] => 
    [doi] => 
    [year] => 2025
    [month] => November
    [volume] => 10
    [issue] => 11
    [file] => fm/jpanel/upload/2025/November/202511-02-024823.pdf
    [abstract] => In the modern globalized world, business activity has evolved from a narrow profit- driven perspective to a broader objective encompassing profit, wealth, and value maximization. This paradigm shift has widened the scope of expansion, diversification, strategic alliances, and international engagement. Among the critical drivers of economic development, foreign trade has emerged as a powerful determinant of growth, particularly in developing economies such as India. The rapid liberalization of trade policies, inflows of foreign direct investment (FDI), and rising participation in global value chains have significantly transformed India’s economic structure. This study examines the role of foreign trade in the Indian economy, analysing its correlation with key macroeconomic indicators such as Gross Domestic Product (GDP), Gross National Product (GNP), and foreign reserves. Using the Karl Pearson correlation coefficient method, the paper evaluates the relationship between foreign trade, foreign investment, and economic growth. The analysis highlights strong positive correlations, underscoring the importance of foreign trade and FDI as engines of growth. The study also discusses policy measures, trade agreements, and export promotion schemes implemented by the Government of India to strengthen the country’s trade position. The findings suggest that while imports remain necessary for sustaining industrialization and domestic demand, the long-term growth trajectory depends on export promotion, efficient resource allocation, and global integration. The paper concludes with recommendations for sustaining India’s trade competitiveness in a rapidly changing global environment.
    [keywords] => GDP, GNP, FDI, Foreign Trade, Foreign Reserves, Imports, Exports
    [doj] => 2025-11-10
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 18
    [journal_id] => 2
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Research & Development (IJRD)
    [short_code] => IJSR
    [eissn] =>  2455-7838 (Online)
    [pissn] => - -
    [home_page_wrapper] => images/products_image/2-n.png
)
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