Mumbai: India''s exports have recorded a 14-per
cent growth over every one per cent growth in the GDP
of its trade partners, according to an Assocham Eco
Pulse (AEP) study. The study is based on India''s exports
to countries such as the US, the UAE, Singapore, China
and Germany and the growth in the real GDP of these
study takes into account figures of India''s exports
and GDP growth of the trading partners for the past
four financial years. The GDP of the top seven trading
partners, which account for the largest share of the
country''s exports, grew even larger by 4.5 per cent,
leading to an overall increase of 62 per cent in exports
to these nations, the study states.
study reinforces belief in the increasing integration
of Indian economy with the rest of the world. Any positive
or negative change in economic growth has a direct and
consequential impact on the Indian exports," Assocham
president Anil K Agarwal said in a release.
demand in the US and the UAE, the biggest markets of
Indian merchandise so far, has responded five-fold to
the increase in their real GDP. A 3.3 per cent increase
in the GDP of the US has increased Indian exports up
by 18 per cent in the current financial year.