Role of the Digital Economy in promoting International Trade and Its Impact on Economic Growth

Nidhi Karwasra , Dr Faraz Ahmad , Dr Vani Aggarwal

Digital economy, international trade, economic growth

This article uses regression analysis to investigate the importance of the digital economy in international trade and its effects on India's economic growth from 2000 to 2023. The data show that foreign trade considerably increases India's economic growth, emphasizing its importance. Conversely, the digital economy has a negative beginning effect on growth, implying that its expansion may meet early difficulties. However, the combination of international trade and the digital economy has a large beneficial impact on growth, demonstrating that combining these two factors can boost economic growth. Foreign Direct Investment (FDI) and the Consumer Price Index (CPI) both contribute. The paper recommends that authorities prioritize digital infrastructure development and accelerate trade procedures to maximize the benefits of this integration. The research proposes that concentrated efforts should be taken to promote the digital economy to ensure that international trade has a full economic growth effect on India.

Published Paper   E-Certificate

"Role of the Digital Economy in promoting International Trade and Its Impact on Economic Growth", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 11, page no.192 - 202, November-2024, Available :https://ijsdr.org/papers/IJSDR2411026.pdf

Volume 9 Issue 11, November-2024

Pages : 192 - 202

Paper Reg. ID: IJSDR_212708

Published Paper Id: IJSDR2411026

Downloads: 000346998

Research Area: Social Science and Humanities 

Country: Gurugram, Haryana, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2411026

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2411026

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition