| ID | 182609 |
| Title Proper | Future Potential and Prospects of SAARC Regional Grouping: A Study |
| Language | ENG |
| Author | Raghurampatruni, Radha ; Senthil, M ; Gayathri, N |
| Summary / Abstract (Note) | The renewed and reinvigorated engagement of India with the South Asian Association for Regional Cooperation (SAARC) over the past few years has been one of the significant factors leading to the gradual and irreversible transition of the regional organisation from a declaratory phase to one of implementation (Bhagwati, 2008). The new growth momentum in the South Asian region and its increasing openness encourages a fresh look at the economic integration of the region. In this context, the study examines the opportunities and commodity potential of trade between India and the SAARC countries by adopting a variety of trade indices of export intensity index and import intensity index along with Gini coefficient. The authors further study the commodity trade potential between India and the SAARC countries by adopting the revealed comparative advantage index and revealed import dependency index. The study concludes an increasing export intensity and import intensity of trade between India and the other SAARC member countries. Finally, the values of Gravity coefficient and commodity analysis find a high trade potential between them and the untapped trade and investment scenario that could be tapped by strengthening the regional block of SAARC. |
| `In' analytical Note | India Quarterly Vol. 77, No.4; Dec 2021: p.579-604 |
| Journal Source | India Quarterly Vol: 77 No 4 |
| Key Words | SAPTA ; South Asia ; India ; RCA ; Trade Intensity ; SAARC Trade Policy |