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Research Article | Open Access
Volume 13 2021 | None
Value of Export and Import of All Minerals and Its Impact on Indian Economic Development in India
J.Merciyal Margret, Dr.S.Henry Pandian, Dr.V.Duraisingh
Pages: 1352-1354
Abstract
India is rich in minerals and however, the consumption of minerals and metal by Indians is low. This is general trend. This trend leads to low economic development. Hence a scientific economics study on the Indian foreign trade in minerals including the export and import is necessary to promote this venture and to frame a suitable mining policy. The present study aims at the total value of mineral export and import and its impact on Indian economic development. This study shows that to find out the causal relationship between various trade variables such as GDP and mineral export and import, regression analysis is used and the results shows that GDP and mineral exports has greater relationship. This means mineral export causes increase in India’s GDP. Thus the India’s mineral export highly advantages for the GDP and economic development.
Keywords
Export, Import, Minerals and Economic Development
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