What Major Agricultural Cross-Border Trade Products in India Are Influenced by Payments?

Abstract

This study explores the connection between overall Indian payment statistical indicators and the import-export patterns of around 40 major agricultural products regulated by the Agricultural and Processed Food Products Export Development Authority (APEDA) in India. Using separate regression analyses for import and export transactions from 2013 to 2022, our findings indicate that only a few of these products show a clear impact from payment indicators. In a time when digital payments are becoming increasingly important, the discovery that certain agricultural products are not affected by payment trends has significant implications for the financial landscape. As digital transactions continue to grow, understanding that some agricultural products remain independent of payment trends highlights the need for comprehensive intervention and further research. This study emphasizes the importance of thoroughly investigating these dynamics, providing insights to inform strategic decisions and policies that align with the changing financial ecosystem.