Description

Exports play a pivotal role in a country's economic growth and development, serving as a crucial driver
of foreign exchange earnings and employment generation. They facilitate the integration of domestic
industries into the global market, fostering technology transfer and innovation diffusion. Export-
oriented activities stimulate productivity gains, enhance competitiveness, and attract foreign direct
investment. Furthermore, exports contribute to a favorable balance of trade, bolstering
macroeconomic stability and enabling nations to accumulate foreign reserves. Consequently, a robust
export sector promotes industrial diversification, raises living standards, and enables countries to
effectively participate in the global economy.