Breaking down India’s export to GDP ratio
India’s export sector has been witnessing a significant transformation in recent years. This article dives into the concept of the export-to-GDP ratio and analyzes India’s current standing. Understanding the Export-to-GDP Ratio The export-to-GDP ratio is a metric that indicates the relative contribution of a country’s exports to its overall economic output. It’s calculated by dividing the total value of a country’s exports of goods and services by its GDP, expressed as a percentage. A higher export-to-GDP ratio generally signifies a more open and integrated economy. It suggests that the country’s businesses are actively participating in international trade, contributing to global supply chains. India’s Export Performance India’s export-to-GDP ratio has been on an upward trend. According to the World Bank, it reached 22.79% in 2022. This is a positive development, indicating that Indian exports are playing a more prominent role in the country’s economic growth. Here’s a breakdown of the recent