ANALYSIS OF INDIA’S TRADE RELATION WITH AFRICA

Ishfaq Ahmad Malik and Ajaz Ahmad Rather
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Ishfaq Ahmad Malik: Department of Economics, Faculty of Business and Economics, Mettu University, Ethiopia
Ajaz Ahmad Rather: Govt. Higher Secondary School Vessu, Anantnag, Lecturer, Directorate of School Education, Govt. of Jammu and Kashmir, India

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Abstract: The paper applies basic and augmented gravity model to estimate India's trade potential with different African countries. Panel data for the period 2010-2017 is employed in the analysis. The results obtained from the model are then used to predict trade potential between India and African Countries. Results reveal that India's trade potential is tremendous in these countries. However, some important obstacles account for the low level of trade between India and African countries which specifically include negligible market access, trade facilitation issues and asymmetric information. To reap the trade potential and to enhance trade between India and African countries, India should put effort.

Date: 2018-12-20
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Published in Journal of Economics, Management and Trade, 2018, 3 (2), pp.77-84

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05318914

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