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@article{181466,
        author = {Dr. R. Ravikumar and Mr. S. Nagarchandru},
        title = {An Analysis of Recent Trends in India's Foreign Trade: Estimating the Export and Import of Top Commodities and Their Impact on GDP},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {4059-4064},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=181466},
        abstract = {India's foreign trade has been a significant driver of economic growth, with steady progress in both exports and imports. Trade reforms post-independence and a focus on exports and imports have supported this growth. The COVID-19 pandemic temporarily disrupted trade, but efforts to revive exports have been evident in the post-pandemic period. In 2023-2024, India’s exports reached USD 778 billion and imports totalled USD 732.5 billion, ranking India as the 14th largest global exporter. The study analyses trade trends from 2014-2024, noting declines during demonetization and the pandemic, with a     dip in 2023-2024 due to inflation, geopolitical tensions, and policy uncertainty. Despite these challenges, GDP growth remained resilient, stabilizing at 7.53%. Key exports include petroleum products, electronic goods, gems and jewellery, engineering goods, and pharmaceuticals, while major imports consist of petroleum, machinery, and gold. The study highlights the role of these sectors in shaping India’s economic performance and trade dynamics.},
        keywords = {Foreign trade, Exports and Imports, GDP, Inflations and Economic performance},
        month = {June},
        }