1 Research Scholar, Department of Economics, Central University of Rajasthan, Ajmer, Rajasthan, India.
2Associate Professor, Department of Economics, Central University of Rajasthan, Ajmer, Rajasthan, India.
[Article History: Received: 17 Feb 2024. Revised: 22Feb 2024. Accepted: 27Feb 2024. Published: 01 Mar 2024]
Abstract
This paper aims to analyze the trends and patterns of India’s merchandise exports with selected countries to assess the impact of COVID-19 on India’s merchandise exports. It has examined the effects of COVID-19 on India’s merchandise export trade by using monthly data from 2019 to 2021 of India’s top five export destinations: the United States of America, the United Arab Emirates, China, Bangladesh, and the Netherlands. To conduct this study, secondary data on merchandise export has been obtained from the UNCOMTRADE Database and COVID-19 data from “Our World in Data.” This analysis shows that the pandemic significantly affected India’s merchandise exports, which experienced a sharp decline in the early months of the crisis. The study identifies several factors contributing to the fall in exports, such as disruptions in global supply chains, declining demand in critical countries, and logistical hurdles. However, a surge in demand for pharmaceutical products and other essentials helped exports recover in the following months.
Keywords: Merchandise Exports, India, Covid-19, Pandemic, Supply Chain disruptions
Sustainable Development Goals: Decent Work and Economic Growth