Unlocking Economic Resilience in India: Insights from an Econometric Analysis of Trade and Export Strategies

This study delves into the profound Strengthening Economic Resilience in India: An Econometric Analysis of Trade and Export Diversification Strategies By analysing comprehensive data from the past decade (1990-2024), sourced from the World Development Indicator (WDI) of the World Bank Group, this research employs advanced econometric methods to explore the multifaceted relationships between Export, Import and GDP. The study highlights the positive link between export diversification and economic growth, with cointegration evidence. Recommendations include enhancing policy frameworks, promoting innovation, forming strategic trade agreements, investing in capacity building and infrastructure, and supporting SMEs. Ultimately, this research emphasizes the pivotal role of trade diversification in strengthening economic resilience, offering insights for informed policymaking and proactive measures on the global stage.