 Latency and Economic Concert of India’s Trade with Russia: An Empirical InvestigationMPRA Paper from University Library of Munich, Germany Abstract: This article focuses on Indo-Russia trade relations and evaluates the economic performance of trade in terms of symmetry, complementarity, intensity, and similarity and future prospects for Indo-Russia trade relation and the change in the economic scenario over a 24-year period from 1995 to 2018. The article attempted to evaluate Indo-Russia trade using Thiel’s symmetry criteria, trade complementarity index (TCI), and export similarity index (ESI) analysis in exports and imports in a different type of goods categorized on the basis of their production. In terms of symmetry, trade is increasingly asymmetric for Russia-India and is much more visible during 1995 as compared to 2018. Moreover, the declining complementarity trend (in 2010 and 2018) is a result of production specialization. Regarding the export similarity of India against Russia, India enjoys a competitive edge in the basic agricultural Commodities. During 2005-2010, the trend reversed as India’s exports were getting much more specialized and back in 2015 the trend of similarity remained in India’s favor. Keywords: India; Russia; exports; imports; symmetry (search for similar items in EconPapers) Published in Kardan Journal of Economics and Management Sciences 1.4(2021): pp. 22-34 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:104616 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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