India's Trade with SAARC Countries: An Evaluation

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Published Dec 31, 2015
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Volume 5, Issue 2, December 2015

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Mohd. Salim
Faculty of Commerce, Banaras Hindu University (BHU)

Abstract

In the present era of global liberalisation, every nation is associated with different countries through the way of trade blocs and regional trade agreements. Foreign trade is a way of regional cooperation, and every country wants to boost its position through maximization of exports with optimization of import, resulting in economic development as well as availing itself of the benefits on typical issues of peace, prosperity and social progress through regional cooperation. India too participates in several regional trade agreements and is associated with different large trade blocs of the world like EU, EFTA, SAARC, ASEAN etc. It has also signed free trade agreements with other countries which are not part of a trade bloc. Regional Cooperation is the spirit of sharing with and helping each other in a particular group of countries of a region towards the achievement of the common objectives. These objectives mainly refer to the achievement of economic development, peace, progress and prosperity and, on the other hand, to maintaining the strategic relationship with the big powers of the world.This paper attempts to analyse the export and import situation of India with SAARC nations, India’s share in export and import to SAARC nations and their related contribution to trade development.

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How to Cite
Salim, M. (2015). India’s Trade with SAARC Countries: An Evaluation. SJCC Management Research Review, 1–10. Retrieved from http://www.sjccmrr.res.in/index.php/sjcc/article/view/82

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