DIRECTIONAL CHANGE’S IN INDIA’S EXPORTS SINCE POST LIBERALIZATION

This paper analysis the trends in India’s Directional Change in Exports using the time series data for the period 1990-1991 to 2019- 2020.The Government of India introduced economic reforms since 1991 especially in the export import sector mainly concentrating on the trade avenue, therefore, in order to see the impact of economic reforms on export sector particularly in the regions and directional changes witnessed during the post reform period 1990-1991 to 2019- 2020. The period has been divided into seven sub-periods 1990-‘91, 1991-‘96, and 1996- ’01,2001-’06,2006-2011,2011-2016,2016-’20. In order to calculate the growth rate, the regression equation used was Yt = Yo (1+r) t, where, YO=the beginning value of Y, Yt = Y’s value at the time t, r=the compound rate of growth of Y. The study showed that the India’s Directional Change in Exports during post –reform period improved significantly and there has been a perceptible change in volume and value paved a way for increased quantum of exports ,increase in directions, and a change and addition of new regions, However ,as it is seen from the study it reveals that India’s Global Share of world exports not increased in directions and it is still not up to the planned expectations.