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Volume : IV, Issue : II, March - 2014 COMMERCIAL MANAGEMENTAND EXPORT GROWTH IN INDIA Ashok Bhanudas Navale, - By : Laxmi Book Publication Abstract : Export growth in India has been much faster than GDP growth over the past few decades.
Several factors appear to have contributed to this phenomenon including foreign direct investment
(FDI). However, despite increasing inflows of FDI especially in recent years there has not been any
attempt to assess its contribution to India's export performance-one of the channels through which FDI
influences growth. Using annual data for 1970-98 we investigate the determinants of export
performance in India in a simultaneous equation framework. Results suggest that demand for Indian
exports increases when its export prices fall in relation to world prices. Furthermore, the real appreciation
of the rupee adversely affects India's exports. Export supply is positively related to the domestic relative
price of exports and higher domestic demand reduces export supply. Foreign investment appears to
have statistically no significant impact on export performance although the coefficient of FDI has a
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