This paper attempts to identify the key determinants of foreign exchange reserves in India using Johansen (1995) Maximum-Likelihood Vector Error Correction Model (VECM) on monthly as well as annual data for reserves, imports and nominal exchange rate. The empirical results confirm that there...

This paper assesses the prospects of trade in IT and IT-enabled services after ratification of India-Korea Comprehensive Economic Partnership Agreement (CEPA) by combining emerging development policy paradigms in both the countries

This paper empirically examines the post-1991 trade dynamics in India in terms of their impact on foreign exchange reserves by estimating export and import functions for the period from January 1994 to October 2008. Implementing the Johansen (1995) maximum likelihood method of cointegration and...

Exchange rate reflects the fundamentals of an economy in terms of relative export price and indicators of external stability. Volatility in nominal exchange rate spills over to the real sectors of the economy affecting output, employment and price stability. From this point of view, an...

India-Africa trade has gathered pace over the past few years characterized by a remarkable rise in Africa's exports to India. Interestingly, India's exports and imports of products belonging to minority sectors (low share in total exports) exhibit dramatic growth in the recent years than the...