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Analysis Study Research Paper | Commerce and Economic Studies | India | Volume 14 Issue 2, February 2025 | Popularity: 4.7 / 10
India's Export Trends with the USA and China: A Growth Analysis from 2014 to Present
Honey Choudhary
Abstract: The export scenario of India has changed drastically from 2014 to date, mainly in light of the trade relations with the USA. There has been a significant increase in merchandise exports from USD 314 billion in 2013-14 to USD 437.10 billion in 2023-24. However, the USA has consistently been India's number one export destination. Engineering goods, pharmaceuticals, IT services, textiles, and petroleum products have contributed together to the driving force of this significant export growth. The bilateral relations led to an increase in India's exports to the USA, whereas the trade with China has been unstable due to the influence of the geopolitical status and trade imbalances between the two nations. The paper discusses the exports per capita in India through trends, revised policies, and the external factors concerning its performance on trade. It also focuses on how global trade policies, protectionist policies, and changing supply chains have influenced India's exports. This study offers an investigation into India through past and present trade trends to understand the country's position in the global marketplace, in addition to the future trend in export growth.
Keywords: India's exports, USA-India trade, China-India trade, export growth, trade policy
Edition: Volume 14 Issue 2, February 2025
Pages: 1838 - 1842
DOI: https://www.doi.org/10.21275/SR25225100721
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