Impact of Globalization on Sustainable Transport Development in the Context of Trade in India

Abstract

Ports have played an important role in the history of Indian trade as they had always been the poles of international trade and commerce since colonial times. They had also acted as a catalyst for the economic development of the nations from historic times till now. Despite the tremendous growth of various other major modes of transport systems such as railways, roadways in case of land routes for internal trade and airways for external trade, ports still continue to coexist with them mainly in sea-borne exchange of goods both in internal as well as in external trade of India. This chapter studies the impact of globalization on economic development of India through the maritime trade growth at Major ports, being the sustainable transport mode, during the period (1980–2020). Using econometric and statistical tools it observes that Major ports have played a significant role in growth of sustainable transport and trade development within India, since the colonial times till date. Not only that, positive impact of globalization, (in terms of growth of trade globalization index) also have resulted both in increased volume of total and overseas trade performance in overall growth of international trade at Major ports of India, thus, reflecting higher economic development.

Citation

Banerjee, S. and Banerjee, A. (2022), "Impact of Globalization on Sustainable Transport Development in the Context of Trade in India", Chandra Das, R. (Ed.) Globalization, Income Distribution and Sustainable Development, Emerald Publishing Limited, Leeds, pp. 297-310. https://doi.org/10.1108/978-1-80117-870-920221038