International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Evaluating India’s Salt Trade Dynamics: A Decadal Analysis of Export and Import Trends (2013–2023)

Author(s) Dr. Chitradevi K, Dr. Sindhu G
Country India
Abstract Abstract
India ranks among the top three salt-producing nations globally, contributing significantly to both domestic consumption and international trade. This study evaluates the export and import performance of Indian salt over a decade (2013–2023), highlighting key trade trends, partner countries, and growth trajectories. Using secondary data from reliable sources, the research employs statistical tools such as Compound Annual Growth Rate (CAGR), growth rate analysis, and forecasting models to interpret trade dynamics. The findings reveal considerable volatility in both export and import patterns, influenced by global demand, economic disruptions, and policy shifts. While India maintains a dominant position in the global salt export market, the lack of consistency across trade partners emphasizes the need for diversification, infrastructure upgrades, and policy alignment. Forecasting suggests a positive outlook for 2024–2028, indicating potential stabilization and growth in the salt trade. This study offers valuable insights for policymakers, industry stakeholders, and researchers aiming to enhance India’s trade competitiveness in the salt sector.
Keywords India’s salt trade; salt exports; salt imports; CAGR; trade performance; forecasting; international trade; trade trends; global salt market; export-import analysis.
Field Business Administration
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-12-06
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.52732
Short DOI https://doi.org/g9vskd
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