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The Future Potential and Prospects of SAARC Regional Grouping: A Study

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  • Radha Raghurampatruni

    (Radha Raghuramapatruni (PhD) is a Double Gold Medallist in Economics from the School of Economics, Andhra University Visakhapatnam. She is a recipient of the Best Researcher Award (2017) from GITAM (Deemed to be University); Dewang Mehta National Education Award (2017) from Mumbai as the Best Professor in Economics; Amity University’s, Amity Excellence Award at World Inbush Summit as the Best Woman Faculty in the area of Economics(2020); and Best Research Paper Awardee (2005) from Andhra University, School of Social Sciences along with the Indian Council for Social Science Research Fellowship Award for the Southern Region (2008). She has presented over 75 research papers at various conferences and published 55 research papers in reputed journals and authored 2 books on international trade. She is on the board of many reputed publishing houses as an external editor and reviewer.)

  • M. Senthil

    (M. Senthil was the former Dean in Faculty of Management and Head of the Department, Department of Logistics Management, Alagappa University, Karaikudi. He has held many administrative positions too, during his vast academic experience. He has also worked as a scientist at DRDO for the period of 5 years. He holds the Honorary Citizenship of Georgia, Conferred by the Governor State of Georgia. He has also got Outstanding Research Presentation Award from Harvard University. He has to his credit two patents. He has chaired many ‘board of studies’. He has published over 37 article in international journals and 27 articles in national journals. He has produced 9 PhDs and 22 MPhils.)

  • N. Gayathri

    (N. Gayathri has completed her Doctorate in full time under Anna University. She has also been a Post Doctoral Fellow under MHRD RUSA 2.0 at Alagappa University. She has qualified NET for Lectureship at her first attempt. She has consistent and outstanding academic records, bagging the university ranks both at undergraduation and at postgraduation. She was also a recipient of ICSSR Doctoral Fellowship during her PhD tenure. She possesses a vivid research experience. She has also worked as an Assistant Professor in UGC-funded Women’s Studies Centre at Periyar University. Having rich research experience, she has published over 22 research papers in various national and international journals. Her publications are with high-quality publishers like Taylor and Francis, Hogrefe, etc. Her publications include journals with both Web of Science indexed and Scopus indexed.)

Abstract

The renewed and reinvigorated engagement of India with the South Asian Association for Regional Cooperation (SAARC) over the past few years has been one of the significant factors leading to the gradual and irreversible transition of the regional organisation from a declaratory phase to one of implementation (Bhagwati, 2008). The new growth momentum in the South Asian region and its increasing openness encourages a fresh look at the economic integration of the region. In this context, the study examines the opportunities and commodity potential of trade between India and the SAARC countries by adopting a variety of trade indices of export intensity index and import intensity index along with Gini coefficient. The authors further study the commodity trade potential between India and the SAARC countries by adopting the revealed comparative advantage index and revealed import dependency index. The study concludes an increasing export intensity and import intensity of trade between India and the other SAARC member countries. Finally, the values of Gravity coefficient and commodity analysis find a high trade potential between them and the untapped trade and investment scenario that could be tapped by strengthening the regional block of SAARC.

Suggested Citation

  • Radha Raghurampatruni & M. Senthil & N. Gayathri, 2021. "The Future Potential and Prospects of SAARC Regional Grouping: A Study," India Quarterly: A Journal of International Affairs, , vol. 77(4), pages 579-604, December.
    • Handle: RePEc:sae:indqtr:v:77:y:2021:i:4:p:579-604
    DOI: 10.1177/09749284211047722
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    References listed on IDEAS

    as
    1. Bhagwati, Jagdish, 2008. "Termites in the Trading System: How Preferential Agreements Undermine Free Trade," OUP Catalogue, Oxford University Press, number 9780195331653.
    2. Zahid Shahab Ahmed, 2018. "The Role of SAARC and EU in Managing Refugees in South Asia and Beyond: Potential for North‐South Cooperation," Global Policy, London School of Economics and Political Science, vol. 9(1), pages 76-84, February.
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    Cited by:

    1. Jai Prakash Yadav & Bimlesh Singh, 2024. "India’s Export Potential to Southern African Customs Union," Insight on Africa, , vol. 16(1), pages 22-45, January.

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