ENGINEERING EXPORT OF INDIA – BLISS OR BLASÉ

Abstract: The validity of engineering export apportionment in India's economic growth is investigated in this paper. The export-led growth hypothesis is tested in this article to assess the relationship, impact, and contribution of engineering exports in the Indian economy. To test the hypothesis, economic growth measures such as GDP, total exports, total imports, and foreign exchange reserves are used. The study assumed that engineering exports have a direct or indirect effect on growth, but does this hold true for the entire economy? We added engineering export as gear for economic growth in our study to test the ELG hypothesis, which was Contrary to all previous studies. India's fastest-growing economy and rapid expansion of engineering exports in the country's foreign trade make it an ideal match for achieving good results. The nineteen years data from 1999-2000 till 2018-2019 is used for analysis. The OLS is used to establish a relationship between engineering exports and economic growth, the ADF is used to assess stationarity, and the ARDL and ECM are used to calculate the short- and long-term impact of engineering exports on economic growth. In addition, linear forecasting is used to anticipate the future growth of economic indicators. The results reveal that engineering exports had a favorable impact on most economic growth indicators in both the short and long run