International Trade and Economic Co-operation: India’s Approach and Perspectives

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India’s geo-economics has undergone drastic changes after the initation of economic reforms in the early 1990s. Prior to economic reforms, India had adopted a very cautious and guarded approach to regionalism.

Trade and economic co-operation with the countries of the world requires building up of shared infrastructure. Many Asian countries have joined together to develop cross-border infrastructure to lay the foundations for closer trading relationships and increased connectivity among countries.

Recongnising that Regional Trade Agreements (RTAs) would continue to feature prominently in world trade, India has started engaging with its trading partners/blocks with the intention of expanding its export market and concluding trade and technology agreements and moving, in some cases, even towards Comprehensive Economic Cooperation Agreements (CECAs) which cover Free Trade Agreements and identified areas of economic co-operation.

RTAs are an integral part of India’s foreign trade policy, complementing the multilateral trading system. This book provides deep insights into India’s trade and economic relations with regional groupings/blocks.

ABOUT THE AUTHOR Gautam Murthy

Dr. Gautam Murthy is Professor of Economics at the Centre for Indian Ocean Studies, Osmania University, and Hyderabad. He did his Ph.D. on “Trade and Export Instability in the ASEAN Economies” from the Gokhale Institute of Politics and Economics, Poona University. He was also Professor at XLRI, Jamshedpur. He has more than 25 years of teaching and research experience. His published books include Regionalism in the Indian Ocean Rim; Strengthening Indo-South African Relations; Trade and Economic Co-operation; and International Economic Relations. He has published more than 60 articles in leading Journals.