期刊名称:International Journal of Advances in Engineering and Management
电子版ISSN:2395-5252
出版年度:2022
卷号:4
期号:3
页码:446-454
DOI:10.35629/5252-0403206217
语种:English
出版社:IJAEM JOURNAL
摘要:This world is a global village and no country may be able to meet its all needs from its resources. International trade is used as a tool to fulfil the needs of the global population. Export is considered as the backbone of a country’s economy, while import is needed to fulfil demand at the country level. However, international trade is subject to favourable conditions at a global level. Covid-19 is considered a big challenge for international trade. This paper examines theimpact of Covid-19 on international trade i.e., imports and exports of India and Pakistan.India and Pakistan are import oriented countries. We tend to find either imports or exports of India and Pakistan are affected during Covid-19. To analyze the impact of covid-19 on international trade of India and Pakistan monthly trade data for the period before Covid-19 during Covid-19 (2018 to 2020) collected from World Bank (WITS - UNSD Comtrade site) is compared through dummy variable. It has been noted through empirical analysis that Covid-19 affected the international trade of India and Pakistan during Covid-19. However, it is pertinent to mention here that the impact of Covid-19 is not so harsh on India and Pakistan's economy being import oriented. Exports of India and Pakistan decreased to some extent but on the other hands imports of both countries fell drastically, during Covid-19, which improved the balance of trade of both countries during Covid-19.