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IMPACT OF ANIMAL EXPORTS ON ECONOMIC GROWTH: WITH SPECIAL REFERENCE TO INDIA

Author Information
Name: Umang Bhutani
Country: India
Publication Details
Year: 2025
Volume: Volume No: 12, Issue No: 2, Year: 2025
Page Number: 105-114
DOI: https://doi.org/10.5281/zenodo.20605316
Abstract
ABSTRACT
Agriculture sector contributes a significant share in the national income of developing
countries, despite of the growth of other sectors much more than agriculture sector like
service and industry it is still be the backbone of the developing countries. Here, animal
exports (Independent variable) consist of five products as per HS-2 digits coding such as live
animals (01), meat and edible meat offal (02), Fish and crustaceans, molluscs and other
aquatic invertebrates (03), Dairy produce; birds'' eggs; natural honey; edible products of
animal origin, not elsewhere specified or included (04), Animal originated products; not
elsewhere specified or included (05) as per the data availability from the official site that is
WITS. As agricultural exports being the important products, this study intends to show the
relationship between animal exports with the Gross Value Added (GVA) of India for the time
period 1988 to 2021. The data is collected from World Integrated Trade Solutions (WITS)
and the official site of World Bank and it used Autoregressive Distributive Lag Model
(ARDL) and Error Correction Form to check the existence of long-term and short-term
relationship between the variables. The findings of the study revealed that the animal exports
have a significant and positive impact on the Gross Value Added (GVA) in the long run while
the results from Error Correction Form posits that there is no short-run relationship between
the variables.
Keywords- Animal Export, Agricultural Exports, ARDL, Economic Growth, GVA.
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