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 nonagricultural exports and India's economic development indicator (GDP proxy). Different cointegration tests investigated the long- lasting 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.