CAUSAL FACTORS OF INDIAN TEXTILE AND APPAREL EXPORT SECTOR: AN ECONOMETRIC ANALYSIS APPROACH
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Abstract
Export is a very crucial term for the development of any economy. And various factors affect export or international trade in various terms. This empirical study has focused on to find the casual factors which affect the export for Indian textile and apparel export. Four important variables such as FDI, exchange rate, inflation rate, and interest rate, taken as an independent variable to find out the impact of positive and negative relation with textile and apparel export growth. To find the causal relationships among the variables correlation and least square regression analysis has been used by taking nineteen observations i.e. the year 2000 to 2018. E views 11 have been used to run all the analysis and the outcome shows that all independent variables determine around 84% variation in Indian textile and apparel export with the adjusted R square of 83.96%. The study reveals that among all the variables exchange rate has a positive causal relationship with textile export while the inflation rate is negatively casually correlated and other variables show insignificant probability value at a 5% level of significance.
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