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Paper Title: IMPACT OF US DOLLAR INDEX ON INDIAN ENERGY IMPORT COMMODITIES MARKET USING TIME SERIES ANALYSIS MODEL
Authors Name: Giti Vatsa
Unique Id: IJSDR2312080
Published In: Volume 8 Issue 12, December-2023
Abstract: The world is witnessing the highest value of US dollar index which is creating a buzz among the financial experts, researchers, traders, small and medium-sized enterprises and larger sized enterprises. US dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of six foreign currencies of the world defined with different weights of the currencies. The Indian energy market is an exorbitant import oriented market with coal and solar modules (solar panels) being the dominant imported products for energy market. It has been recorded that about 80 percent of coal is imported from Indonesia, Australia, South Africa followed by US. For FY 2022-23, government aims to reduce the imported coal amount substantially but due to crunch in domestic coal, an import norm for coal (blending purpose) has been announcement for private and state run coal based power plants. Similarly with only 3 GW solar cells domestic manufacturing capacity, India depends heavily on import of solar cells to meet up the target of 100 GW of electricity through solar based plants. The major exporter of solar cells for India is China, Malaysia and Taiwan and among others. The daily coal requirement for thermal power stations nowadays is 2.1 million ton creating more demand for coal import in country. The data has been analyzed through time series trend analysis (graphical approach) and compounded annual growth rate (CAGR). The analysis of data shows the presence of more factors affecting the import quantity of coal and solar cells respectively.
Keywords: US dollar index, energy market, coal, solar modules, import & export, US dollar, inflation rate, GDP
Cite Article: "IMPACT OF US DOLLAR INDEX ON INDIAN ENERGY IMPORT COMMODITIES MARKET USING TIME SERIES ANALYSIS MODEL", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 12, page no.599 - 613, December-2023, Available :http://www.ijsdr.org/papers/IJSDR2312080.pdf
Downloads: 000338721
Publication Details: Published Paper ID: IJSDR2312080
Registration ID:204264
Published In: Volume 8 Issue 12, December-2023
DOI (Digital Object Identifier):
Page No: 599 - 613
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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