An analysis of trends and determinants of India’s export market performance

Abstract

The Indian economy has been growing well for the past few years. This rise in growth can be partially credited to the increasing share of the exports of India in the world. Indian exports have grown robustly from 1988 to 2013. The compound annual growth rate of Indian exports has been around 13% from 1988 to 2013. India’s share in global exports rose from 0.6% in 1995 to 1.7 per cent in 2013. Exports rose from $13 billion in 1988 to $303.7 billion in 2013. There was a consistent upwards trend in the Indian export market from 1988 to 2008 but the global economic crisis of 2008 had a negative effect on exports which declined by 3 per cent to $176.76 billion. However India’s exports rebounded with exports registering an increase of 40.5 per cent to touch $301.48 billion in 2011.