UGC Approved Journal no 63975(19)
New UGC Peer-Reviewed Rules

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 11 Issue 2
February-2024
eISSN: 2349-5162

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Published Paper ID:
JETIR2402063


Registration ID:
532110

Page Number

a507-a515

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Title

EVALUATING THE INFLUENCE OF EXPORTS ON INDIAN INDUSTRIAL PRODUCTION

Abstract

Post-advancement time has seen critical development in India's Export. The fare has become quicker than the Gross Domestic Product (GDP). Industrial Production holds a key position in the Indian economy, accounting for nearly 15.4 per cent of real GDP in 2019 and employing about 12.0 per cent of India’s labour force. Development in the area has been solid, dominating in general GDP development in the course of recent years. Manufacturing accounts for a large chunk of India’s industrial production, a fact borne out by the sector’s 75.40 % share in the Index of Industrial Production (IIP). Within manufacturing exports, engineering goods was one of the fastest growing – the segment recorded a CAGR of 26.0% during the period 2010-2020. Other sub-sectors with high growth rates include gems and jewellery and chemicals, which grew at a rate of 18.60 % and 17.30 % respectively. The economic recovery strengthened by the factory output heaving to a 16-month high of 7.80 % growth in June 2021, beating forecasts by a wide margin and reversing the bleak trends that had set in since the deep gloom of world economic decelerate had impacted Indian economy. The fiscal stimuli announced by the Government of India with so much elaboration had had little blaming effect on Small and Medium Enterprises (SMEs) as 94.0% of them, mostly catering to the export markets, are languishing in the vestiges of the slowdown (Sehgal, et.al (2003). India's external trade continued to shrink both in June and July, as the overseas and domestic demand remained weak. July exports dipped 26.60% year-on-year basis to $12.53 billion, which was marginally better than the 27.70% negative growth posted in June. Preliminary estimates by the Directorate General of Commercial Intelligence and Statistics demonstrated that the value of imports for the month tapered 37%, steeper than 29.3% plunge in July; in fact because of reduced demand. Hence this paper examines and evaluates the influence of exports on Indian Industrial Production.

Key Words

IIP, SMEs, GDP, CAGR

Cite This Article

"EVALUATING THE INFLUENCE OF EXPORTS ON INDIAN INDUSTRIAL PRODUCTION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 2, page no.a507-a515, February-2024, Available :http://www.jetir.org/papers/JETIR2402063.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"EVALUATING THE INFLUENCE OF EXPORTS ON INDIAN INDUSTRIAL PRODUCTION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 2, page no. ppa507-a515, February-2024, Available at : http://www.jetir.org/papers/JETIR2402063.pdf

Publication Details

Published Paper ID: JETIR2402063
Registration ID: 532110
Published In: Volume 11 | Issue 2 | Year February-2024
DOI (Digital Object Identifier):
Page No: a507-a515
Country: Karaikudi, Tamil Nadu, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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