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Economic concert, cooperation and trade specialisation of India in comparison with the rest of BRICS nations

Author

Listed:
  • Pooja Kansra
  • Pawan Kumar
  • Sushanta Kumar Mahapatra
  • Sumit Oberoi

Abstract

Economic integration is an absolute necessity for sustainable economic growth and helps economies to focus on issues that encourage trade by reducing the incompetence and inability of the nation. The study aims to analyse economic performance, trade intensity, and trade specialisation of India in comparison with the rest of BRICS nations by using the 6-digit level of harmonised standard (HS) product clusters. The data was analysed using trade intensity index (TII) and Lafay Index (LFI). The analysis was carried under six distinctive industry levels as proposed by Basu and Das. Ex-post results of economic cooperation between India and BRICS nations reveal that, as far as trade is concerned BRICS nations specifically China has gained more export surplus than India.

Suggested Citation

  • Pooja Kansra & Pawan Kumar & Sushanta Kumar Mahapatra & Sumit Oberoi, 2021. "Economic concert, cooperation and trade specialisation of India in comparison with the rest of BRICS nations," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 14(6), pages 580-602.
    • Handle: RePEc:ids:ijtrgm:v:14:y:2021:i:6:p:580-602
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