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

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Trade and economic co-operation with the countries of the world requires the 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. India's geo-economics has undergone drastic changes after the initiation of economic reforms in the early 1990s. Prior to economic reforms, India had adopted a very cautious and guarded approach to regionalism. Recognizing that Regional Trade Agreements (RTAs) would continue to feature prominently in world trade, India has started engaging with its trading partners, with the intention of: expanding its export market, concluding trade and technology agreements, and moving, in some cases, even towards Comprehensive Economic Cooperation Agreements, which cover Free Trade Agreements in goods, services, investments, and identified areas of economic cooperation. This book provides deep insights into India's trade and economic relations with regional groupings/blocks.