A STUDY OF INDIA’S TRADE TRENDS WITH SAARC NATIONS PRE-SAFTA AND POST-SAFTA

Authors

  • Dr. Vipin Sharma, Prof. (Dr.) Vinod Kumar

Abstract

The SAARC nations have embarked on reforms and have undertaken measures to
liberalize trade in the last three decades. As a result, these countries are far more open today than
they have ever been in the past. The share of trade in GDP is increasing continuously under
SAFTA. So, this paper tries to examine the trends in India’s trade with other SAARC countries
during Pre- SAFTA and post-SAFTA period. The yearbook “Direction of Trade Statistics”
which was published by IMF, “World Development Indicators, World Bank and the Directorate
General of Commercial Intelligence and Statistics, Ministry of Commerce (DGCI&S), India”,
has been examined to evaluate total trade of India with its neighboring member nations in the
SAARC region. The empirical evidence shows that this has led to an increased trade openness of
these countries. Surprisingly, though the trade between India-SAARC has not grown
substantially, there has been a change in the significance of India's trading partners over time.

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Published

2020-11-29 — Updated on 2020-11-30

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How to Cite

Dr. Vipin Sharma, Prof. (Dr.) Vinod Kumar. (2020). A STUDY OF INDIA’S TRADE TRENDS WITH SAARC NATIONS PRE-SAFTA AND POST-SAFTA. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(6), 1591 - 1602. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/1015 (Original work published November 29, 2020)