India's Import Export Scenario During 2004 - 2013

Background: India adopted trade liberalization in 1991 by outcome of WTO, and is becoming progressively towards an open economy. It is important virtuous growth between trade and output growth. Hence this paper tries to address the impact of Gross Domestic growth (GDP) on import and export of the nation.

Methods: Multi-linear Regression (MLRM) has been used to analyze import and export scenario of India since 2004.

Results: Import and export are influenced by the GDP at the market price of the economy. A possible reason for the results is the auspicious trade circumstances of India.

Application: GDP at market price determines the import, export and openness of India.