The Effect of COVID-19 on India’s Spice Exports

  • M Vilasini Ph.D., Scholar, Department of International Business, Alagappa University, Karaikudi, Tamil Nadu, India
  • S Gopalasamy Assistant Professor, Department of International Business Alagappa University, Karaikudi,Tamil Nadu, India
Keywords: COVID -19, Pandemic, Spices Export, Volatility, Stationarity


The COVID-19 pandemic shows an irreversible change in the world. Developing nations like India, the effect is even more significant. Spice exports are one of the important sectors to generate foreign revenue to the country. This paper investigated the impact of COVID-19 on spice exports in India. This research is based on secondary data from fiscal year 2018-19 to 2020-21. To analyse conditional volatility of a time series data, a GARCH model was applied. The findings suggest that the COVID–19 pandemic has an significant effect on spices exports in India.

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