Abstract: This paper analyzes the response of India’s aggregate export volume to changes in different components of relative price. Using NARDL estimation method we find evidence that though the demand and supply curves of export are well-defined in their respective relative price dimensions, upward and downward movements along these curves are not defined for all components of the relative price. Plotting these various conclusions in an equilibrium framework we find that the export demand curve is vertical below the equilibrium point for price components that could be controlled by government policies thus showing the demand constraint in India’s aggregate export volume. Keywords: Export, India, Demand, Supply, Constraint, Policy JEL Classification Number: F13, F14, C22