An Explorative Study of Composition of Foreign Trade And Its Impact On Economic Growth of India

Abstract

     

Trade plays a significant role in country’s development and growth process. No country cannot be self-sufficient to meet all their demand and consumer requirements so there is need to do foreign trade. Foreign trade helps to exchange surplus production and helps other countries to meet their needs. The composition of trade helps to know about in which type of commodities a country deal. The nature of export import can determines the level of economic growth in a country.The purpose of present study is to explore the composition of export and import in foreign trade. For this study date will be secondary in nature and appropriate statistical tools and techniques will be used for analysis And conclusion. On the basis of conclusion, recommendations are suggested.