Export is a vital component of Indian economy as the magnitude and quality of exports provide needed strength to the economy by way of productive employment, poverty alleviation, revenue, technological advancement and foreign exchange.
In order to unravel some of the critical regressive factors, Business Studies Department of Manav Rachna International University (MRIU) organized a one-day National Workshop on ‘Export Dynamics in Indian Economy’ wherein prominent experts working in the field of trade were invited to deliver an expert talk.
While Dr. Raj Aggrawal, Director, All India Management Association (AIMA) was the Chief Guest for the event; Prof. Robert Davis, Academic Head, International Business, Auckland Institute of Studies, New Zealand was the Guest of Honour.
In his Inaugural address, Dr. N.C Wadhwa, VC, Manav Rachna International University, welcomed the Guests and the audience and apprised them about the historical changes that had taken place in the Indian economy and how Indian economy has geared up to be at the point it is today.
Dr. Raj Aggrawal, Director, All India Management Association started with a historical analysis of the Indian economy and highlighted how structural transformations due to invasions and industrial revolution changed India from self-sustaining society into a mere agrarian society. He highlighted the importance of understanding ‘How structural changes at a macro level are affecting the Indian economy’.
In his expert talk, Prof. Robert shared that education is the most important service that New Zealand exports and that this market is worth billions to New Zealand. Giving the example of New Zealand cycle trial where the thousands of people from across the world visit it just to experience the trial, he asserted that Export led growth comes from very simple ideas, implemented in a high-quality way.
In another session Prof. Rakesh Arya, Head of Department- DBS, FCBS-MRIU pointed out that though we became a market economy in 1991, still the volume of trade of goods did not increase drastically. Export earnings increase majorly through services. He mentioned how BOP deficit force India to pledge its gold and also threw light upon the competition India is facing from ASEAN nations. He explained how India could take advantage of huge demographic dividend through proper human resource development.
Dr. Saon Ray, Sr. Fellow, Indian Council for research on International economic relations (ICRIER) delivered an expert talk on the topic ‘Exporting through global value Chains’, highlighting the Indian experience in exporting through the value chain. Expressing her concern over the expected global slowdown she pointed out that ‘Weak growth in advanced and emerging countries has taken a toll on India’s export, and this is expected to continue in 2017’.

Also, present on the occasion were Dr. Naresh Grover, Dean Academics, MRIU; Prof. Anil Sareen; Prof. Amit Seth; Dr. Monika Goel, HOD, Commerce and Dr. Rakesh Arya, HOD, Business Studies.