Trade has positive impacts on the economic growth of the economy, hence the focus of governments has always been to increase exports and explore markets for goods produced locally to achieve higher levels of economic profit growth. Despite the global meltdown, India is expected to maintain steady economic growth. Projections of the Indian economy by the IMF, World Bank and United Nations provide positive manufacturing and trade growth. Trade facilitation is a government priority to reduce transition costs and times and thus make Indian exports more competitive. There are fourteen export promotion councils sponsored by the Department of Commerce. They perform consultative and executive functions guided by the 2015-2020 foreign trade policy. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay There is a large theoretical and empirical economic literature on the impact of liberalized trade on the macroeconomic conditions of the economy. Adam Smith and David Ricardo, the classical economists, were strongly in favor of free trade between economies. The term domestic trade refers to trade within the common monetary area. The reduction in exchange rates will largely depend on the corresponding degrees of trade. To get some ideas about the magnitude of the variables that depend on the exchange rate, they were estimated econometrically. The IMF (1984) produced a General Agreement on Tariffs and Trade (GATT) study on the impact of exchange rate volatility on world trade. There have been notable cases of large exchange rate volatility over the past two decades. This has been of particular concern for developing countries and emerging market economies. With a growing portion of international transactions undertaken by multinational businesses, exchange rate volatility could have a diminishing impact on global trade. Other changes in the world economy may have reduced the impact of exchange rate volatility. Rose (2000), examines common monetary arrangements on trade. During the 1980s and 1990s, exchange rate fluctuations increased currency and balance of payments crises. A 1984 study strengthened the conclusion that there is no unambiguous relationship between exchange rate volatility and trade flows. . The general presumption that trade negatively influences exchange rate fluctuations depends on a number of specific assumptions and is not necessarily valid in all cases, especially in general equilibrium models in which other variables change along with exchange rates. Turkcan and Keskinel (2009) examined the impact of exchange rate volatility on the fragmentation of the US auto parts industry. Mundell's (1961) optimal currency area hypothesis suggests an opposite direction of causality, in which trade flows stabilize real exchange rate fluctuations, thus reducing the real exchange rate. rate volatility. Most existing studies focus on the effects of exchange rate regimes or volatility on trade, effectively assuming that the exchange rate process is driven by exogenous shocks and is not affected by other endogenous variables. A large number of studies have examined trade and exchange rate volatility. in two large paintings. An academic study on exchange rate volatility in trading is very important and relevant in the context of its structural existence. In the present study they areThe following reviews are available in the area of ​​exchange rate volatility with macroeconomic variables. Research studies conducted on exchange rate volatility are mainly related to different macroeconomic variables. Michael D McKenzie and RMIT Melbourne (1999) examined the impact of exchange rate volatility on international trade flows, which remains unresolved both theoretically and empirically. This article reviews the vast literature on the subject in an attempt to identify the main issues that have contributed to the development of the debate and examine whether a general direction for consensus can be found. M Kabir Hassan (2001)examined Is SAARC a viable economic bloc? Evidence from the Intra-South Asian Association for Regional Cooperation (SAARC) gravity model of trade appears to be very small compared to other existing regional blocs. This could be due to normal results or unexplored business opportunities. So an increase in trade within this region could lead to improved welfare. This study attempts to carry out a formal analysis of these issues and estimates a gravity model of international trade to examine whether intra-SAARC is lower or higher than predicted by an economic model. This provides insight into the structure of comparative advantage in SAARC countries that helps explain why intra-SAARC trade is low and how trade between them can be increased. It also helps us understand the possibility of trade creation and trade diversion effects arising from South Asian preferential trade agreements among SAARC countries. Although the gravity model has been widely used to measure bilateral trade between countries, to the best of my knowledge, it has never been used to measure intra-SAARC trade. The results of our gravity model suggest that SAARC member countries have yet to reap benefits in terms of trade creation. It is necessary to formulate appropriate policies for greater regional integration. Trade liberalization in SAARC countries offers significant benefits for all economies in the region. Efforts should be made to liberalize border trade and strengthen bilateral trade relations through the removal of tariff and non-tariff barriers within the overall framework of South Asian preferential trade agreements. Aristotelous (2001) examined exchange rate volatility, exchange rate regime and trade volume: evidence from the UK-US export function. The study period was conducted from 1889 to 1999. The tools used in the study are gravity models. The result is that neither exchange rate volatility nor the different exchange rate regimes that have spanned the last century have had an effect on the volume of exports. Baak, Mahmood, and Vixathep (2002) studied the impact of exchange rate volatility on exports in four East Asian countries (Hong Kong, South Korea, Singapore, and Thailand). Their results indicated that exchange rate volatility has negative impacts on exports in both the short and long run. Mohsen Bahmani-Oskooee and Scott W. Hegerty (2007) examined exchange rate volatility and trade flows. This article has reviewed the extensive empirical literature, up to 2005, to evaluate the main trends in modeling and estimating these trade flows at the aggregate, bilateral and sectoral levels. The increase in exchange rate volatility since 1973 has had undetermined effects on international export and import flows. Although it can be assumed that an increased risk