India’s Growing Trade Relationship within South Asia: Reflections from Trends of the Recent Past

Grover, Madhav ; Agarwal, Shivani

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Abstract

India is a crucial player in South Asia; its trade with neighbouring countries is the major driver of growth in the region. The study examines the role of India in expanding trade relations within the South Asian region. The goal of this study is to investigate how India’s individual relations with other countries of the South Asian Association for Regional Cooperation can enhance growth of the region. The focus is on exports, imports, trade balance, and major goods exchanged between India and individual countries, based on the latest data (2013-19). The study then analyses the hurdles that India faces in expanding trade. The discussion further dwells into potential areas wherein opportunities can be created to enhance the trade. The study concludes with a comparison between the South Asian Free Trade Agreement (SAFTA) and the ASEAN Free Trade Agreement (AFTA), focusing on how the former can draw lessons from the latter.

Document type: Book
Publisher: SADF - South Asia Democratic Forum
Place of Publication: Brussels
Date: 2019
Version: Secondary publication
Date Deposited: 14 April 2021
Number of Pages: 30
Faculties / Institutes: Miscellaneous > Individual person
DDC-classification: Economics
Commerce, communications, transport
Controlled Subjects: Indien, Außenhandel, Import, Export
Uncontrolled Keywords: SAARC, Indien, Handel, ASEAN, Herausforderungen, SAFTA, AFTA, Exporte, Importe, regionale Integration / SAARC, India, Trade, ASEAN, challenges, SAFTA, AFTA, exports, imports, regional integration
Subject (classification): Economics
Countries/Regions: India
South Asia
Series: Subjects > SADF Working Papers
Volume: 13