Bilateral Trade of India with Middle East Countries: A Study of Iran

Anuj Gupta () and Ravi Kumar ()
Additional contact information
Anuj Gupta: Research Scholar (JRF), Faculty of Commerce, Banaras Hindu University.
Ravi Kumar: Research Scholar (SRF), Faculty of Commerce, Banaras Hindu University.

Journal of Commerce and Trade, 2016, vol. 11, issue 1, 16-27

Abstract: From the recent past, it has been seen that the structure of international trade is made simple & smoothening. India is having a good political, cultural & economic relationship with Iran. Iranian oil is very popular in India while the cereals & other food materials are popular in Iran. The need of present hour is to build stronger trade relation with Middle East nations, among them Iran is an important country. From the study it has been found that the trade balance is negative for India in the recent past. The share of total export to Iran is also very low. Hence, policies should be made to encourage this trade between the two nations. Oil is the chief commodity imported due to its natural superiority. An alternative use for oil must be developed to decrease the use of oil in the nation. Better export of arts & artifacts must be done to improve the quantity of export from India. Political relation must be made stronger to enhance the trading between the nations. Providing better environment to the exporters through subsidies, financial & technical assistance, etc. to enhance the total growth of export will be a better option.

Keywords: smoothening; Iranian oil; trade relation; Middle East; better environment. (search for similar items in EconPapers)
JEL-codes: A0 C0 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.jctindia.org/index.php/jct/article/view/a16-agrk (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jct:journl:v:11:y:2016:i:1:p:16-27

Access Statistics for this article

Journal of Commerce and Trade is currently edited by Dr. Himanshu Agarwal

More articles in Journal of Commerce and Trade from Society for Advanced Management Studies
Bibliographic data for series maintained by Dr. Himanshu Agarwal ().