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Prospects of India–GCC Trade Relations

Author

Listed:
  • Imran Alam
  • Shahid Ahmed

Abstract

India–Gulf Co-operation Council (GCC) countries trade relation has intensified in the last two decade. GCC is one of the largest trading partners of India. In this paper, an attempt has been made to explore India’s trade potential with GCC countries at HS-2 digit for the period 2001–2014. Various trade indices have been calculated to infer about mutual trade potential. The findings of this study reveal that India’s trade is more intense with GCC countries compared with its trading patterns with rest of the word. The study shows that there are several sectors in which India has an opportunity to increase its trade with GCC countries. Overall results show that India’s trade relation with GCC countries is increasing continuously but still there is lot of untapped potential to bring the welfare gains for both partners. Finally, the study concludes that the proposed economic integration in terms of a free trade agreement between India and GCC will be mutual welfare enhancing and a case of win–win situation.

Suggested Citation

  • Imran Alam & Shahid Ahmed, 2017. "Prospects of India–GCC Trade Relations," Foreign Trade Review, , vol. 52(2), pages 118-129, May.
    • Handle: RePEc:sae:fortra:v:52:y:2017:i:2:p:118-129
    DOI: 10.1177/0015732516663318
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    References listed on IDEAS

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    2. Imran Alam & Shahid Ahmed, 2015. "India- Saudi Arabia Bilateral Trade Relations: Recent Experiences and Future Opportunities," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(7), pages 327-342, July.
    3. Sarath Chandran, B.P., 2010. "Trade Complementarity and Similarity Between India and Asean Countries in the context of the RTA," MPRA Paper 29279, University Library of Munich, Germany.
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    More about this item

    Keywords

    Indo-GCC trade; trade potential; trade intensity index; revealed comparative advantage;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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