Evaluating India’s Salt Trade Dynamics: A Decadal Analysis of Export and Import Trends (2013–2023)

Abstract India ranks among the top three salt-producing nations globally, contributing significantly to both domestic consumption and international trade. This study evaluates the export and import performance of Indian salt over a decade (2013–2023), highlighting key trade trends, partner countries, and growth trajectories. Using secondary data from reliable sources, the research employs statistical tools such as Compound Annual Growth Rate (CAGR), growth rate analysis, and forecasting models to interpret trade dynamics. The findings reveal considerable volatility in both export and import patterns, influenced by global demand, economic disruptions, and policy shifts. While India maintains a dominant position in the global salt export market, the lack of consistency across trade partners emphasizes the need for diversification, infrastructure upgrades, and policy alignment. Forecasting suggests a positive outlook for 2024–2028, indicating potential stabilization and growth in the salt trade. This study offers valuable insights for policymakers, industry stakeholders, and researchers aiming to enhance India’s trade competitiveness in the salt sector.

Authors

Publication Details

Journal
International Journal For Multidisciplinary Research
Published
2024-12-06
DOI
https://doi.org/10.36948/ijfmr.2024.v06i06.52732
Primary Topic
Agricultural Economics and Practices
Type
article
Field-Weighted Citation Impact
0.00
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article

Evaluating India’s Salt Trade Dynamics: A Decadal Analysis of Export and Import Trends (2013–2023)

K Chitradevi, G Sindhu
International Journal For Multidisciplinary Research
Agricultural Economics and Practices
article

Evaluating India’s Salt Trade Dynamics: A Decadal Analysis of Export and Import Trends (2013–2023)

K Chitradevi, G Sindhu
article en

Abstract

Abstract India ranks among the top three salt-producing nations globally, contributing significantly to both domestic consumption and international trade. This study evaluates the export and import performance of Indian salt over a decade (2013–2023), highlighting key trade trends, partner countries, and growth trajectories. Using secondary data from reliable sources, the research employs statistical tools such as Compound Annual Growth Rate (CAGR), growth rate analysis, and forecasting models to interpret trade dynamics. The findings reveal considerable volatility in both export and import patterns, influenced by global demand, economic disruptions, and policy shifts. While India maintains a dominant position in the global salt export market, the lack of consistency across trade partners emphasizes the need for diversification, infrastructure upgrades, and policy alignment. Forecasting suggests a positive outlook for 2024–2028, indicating potential stabilization and growth in the salt trade. This study offers valuable insights for policymakers, industry stakeholders, and researchers aiming to enhance India’s trade competitiveness in the salt sector.

International Journal For Multidisciplinary ResearchVol. 6(6)
Openalex Percentile: Top 43%
Agricultural Economics and Practices
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Evaluating India’s Salt Trade Dynamics: A Decadal Analysis of Export and Import Trends (2013–2023) — K Chitradevi, G Sindhu · International Journal For Multidisciplinary Research (2024) | TGRS Research Map | TGRS