A one per cent growth in the gross domestic product of trade partners has helped India clock a 14 per cent increase in its exports to those destinations, industry body Associated Chambers of Commerce and Industry of India said.
According to the Assocham Eco Pulse study, the 14 per cent growth in exports to countries like the US, UAE, Singapore, China and Germany responded to the growth in their real GDP.
The co-relation between GDP and export growth is based on the study, which takes into account figures of the last four financial years.
GDP of the top seven countries, which account for the largest share in India's exports, grew even larger by 4.5 per cent leading to an overall increase of 62 per cent in exports to these nations, the study states.
"Our study reinforces belief in the increasing integration of Indian economy with the rest of the world. Any positive or negative change in economic growth has a direct and consequential impact on the Indian exports," Assocham President Anil K Agarwal said in a release.
The study shows that export demand in the economies of USA and UAE, considered to be the biggest markets of Indian merchandise, has responded five-fold to the increase in their real GDP products.
A 3.3 per cent increase in the GDP of USA has increased Indian exports up by 18 per cent in the current financial year.
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