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Foreign trade of India and Central Asia

Author

Listed:
  • Aleksandr Nikolaevich Zakharov

    (Moscow State Institute of International Relations MFA Russia, Moscow, Russia)

  • Ànna Gennadyevna Posokhina

    (Moscow State Institute of International Relations MFA Russia, Moscow, Russia)

  • Vassily Alekseevich Polyakov

    (Moscow State Institute of International Relations MFA Russia, Moscow, Russia)

Abstract

This article analyzes the changes in foreign trade of India and Central Asia over the past five years, favorable conditions and prospects for the development of economic and trade cooperation between the two global economic players. The economic relations between India and the Central Asian Republics have great chances to reach a qualitatively new level of development, which is primarily due to the infrastructure development initiated by India. The growth of trade with Central Asia in the coming years will largely depend on global prices for raw materials, as well as on the success of the development of oil fields in Kazakhstan and the degree of implementation of the uranium ore supply agreement. Despite the difficulties in forecasting further development of trade between India and the Central Asian region, it is obvious that India will not miss the opportunity to compete with Russia and China for influence in the region.

Suggested Citation

  • Aleksandr Nikolaevich Zakharov & Ànna Gennadyevna Posokhina & Vassily Alekseevich Polyakov, 2018. "Foreign trade of India and Central Asia," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 85-97, December.
    • Handle: RePEc:alq:rufejo:rfej_2018_12_85-97
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