The Research Cell conducted Ph.D. Research Scholars work presentation by Mr. Shrikant Madar, Dept of Economics, via Google meet platform from 12.00 to 12.30 pm. on March 17, 2021. Dr. Lira Gama and Mr. Sandesh Gaonkar were the teachers in charge for the same.
Mr. Madar spoke on his topic “India’s Foreign Trade in Agricultural Commodities: A Review”. He stated that India’s foreign trade has been a key force driving the economy, making an important contribution to Gross Domestic Product, foreign exchange earnings, and employment. His research is an attempt to examine the trends of India’s foreign trade in agricultural commodities, to analyze the growth rate of India’s foreign trade in agricultural commodities, and to identify the nature of causality between components of foreign trade and foreign exchange reserves. Secondary data was collected from the Handbook of Statistics on Indian Economy. Data was analyzed using MS-Excel and Gretl Software and results were presented. Econometric models applied in this study included Log-linear model, linear trend line analysis, and Granger Causality Test. The study reveals that there is an upward trend in India’s exports and imports of agricultural commodities, exports and imports of agricultural commodities have grown by 9.8 percent and 15.03 percent respectively between 1991 and 2019, and there is no significant difference between the components of foreign trade and foreign exchange reserves.
30 teachers attended the session, which concluded at 12.30 pm. Mr. Sandesh Gaonkar proposed the Vote of Thanks.
