Impact of Agricultural Exports Segmentation on Economic Growth in India

Exports were the motor of a country's economic growth and development. Therefore, the main goal of all governments was to reach a certain level of economic growth. Therefore, this study aimed to examine the relationship between agricultural and non-agricultural exports and India's economic development indicator (GDP proxy). Different cointegration tests investigated the longlasting relationship between the three variables with regime shifts. The findings showed that agriculture exports had a significant effect on real GDP. However, no evidence of non-agricultural exports significantly affecting real GDP was observed. The causality analysis showed two-directional causal relationships between India's agricultural, non-agricultural and real GDP exports. In India, policymakers can use agricultural exports as a catalyst to boost economic growth.