Russia-Ukraine War Impact: India’s International Trade

Thunga, Subba Rayudu and Lavanya, P. B. and Raju, N. Y. (2023) Russia-Ukraine War Impact: India’s International Trade. B P International, pp. 42-51. ISBN 978-81-19761-80-7

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Abstract

International trade is the most important source to increase national output and act as a growth indicator. Economic development of a nation vastly depends on international trade. Most economists agree that international trade creates more benefits to developing economies. But the world particularly Indian economy has been witnessing a great difficulty for the last few months due to Russia-Ukraine war. This has impacted exports, imports and investment pattern across the sectors. The war has created great uncertainty on India’s foreign trade. Keeping in view the above objective the key motto of this study is to analyze the impact of war on India’s international trade flows with world as well as Russia and Ukraine using monthly data for the time period 2021 to 2022 (February-June). The study is based on secondary sources. Paired t test is used to test the impact of Russia-Ukraine war on India’s International trade. The result shows India’s International trade differs significantly with world due to war, trade with Russia and Ukraine also differ significantly. The study limits to India’s international trade from 2021-2022 (February-June). The findings will be valuable to the policy makers; exporters and importers to strengthen the India’s international trade and promoting exports from the desirable sectors for fostering economic development.

Item Type: Book
Subjects: European Repository > Social Sciences and Humanities
Depositing User: Managing Editor
Date Deposited: 29 Sep 2023 07:26
Last Modified: 29 Sep 2023 07:26
URI: http://go7publish.com/id/eprint/2954

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