Implications of SAFTA for Indian Economy: Trade, Compatibility and Welfare Effects

2019 ◽  
Vol 54 (4) ◽  
pp. 355-374
Author(s):  
Hansa Jain
Keyword(s):  
South Asian ◽  
Allocative Efficiency ◽  
Geographical Location ◽  
Secondary Data ◽  
Free Trade Area ◽  
Welfare Effects ◽  
Trade Intensity ◽  
Asian Countries ◽  
Indian Economy ◽  
Trade Share

Among the members of South Asian Free Trade Area (SAFTA), India dominates in terms of its geographical location, land area, population size and economic share. However, SAFTA is treated as a weak agreement as India is highly outward oriented for trade. This raises a question about India’s trade compatibility with South Asian countries. Also since SAFTA is now fully implemented, there is a need to determine its welfare effects for India as well as for the region. The study focuses on (a) trends and patterns of India’s intra-regional trade with South Asian countries, (b) trade compatibility and (c) welfare effects of SAFTA for the Indian economy. India’s trade intensity, trade share and trade compatibility with the other regional members is calculated. GTAP simulations are used to determine welfare effects. The study is based upon the secondary data. The study finds that with the implementation of SAFTA, India’s trade intensity and trade share with its regional members has slightly improved. Trade compatibility though low, is gradually improving. The study considers SAFTA as a positive sum game for India. India is likely to have favourable allocative efficiency effect, terms of trade effect and investment-savings effect if trade facilitation measures are adopted. JEL Codes: F150, F10, F140, C150

scholarly journals AN ANALYTICAL STUDY OF TOTAL FDI INFLOW, OUTFLOW AND NET FDI OF FIVE SOUTH ASIAN COUNTRIES OVER THE PERIOD 1992–2019

2021 ◽  
pp. 417-435
Author(s):  
Sushanta Kumar Tarai ◽  
Prof. Sudhakar Patra
Keyword(s):  
Sri Lanka ◽  
South Asian ◽  
Analytical Study ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Asian Countries ◽  
Causality Test ◽  
Development Indicators ◽  
The World Bank

This present research aims to analyze the total FDI inflow, outflow and net FDI of five South Asian countries over the period 1992–2019.This study is based on 28years Time series data taken from the World Bank Development Indicators. In order to compare the FDI inflow, outflow and net FDI inflow of India, Pakistan, Sri Lanka, Bangladesh, Nepal over the period 1992–2019,both descriptive and inferential statistical tools such as correlation test, paired t test, the familiar linear regression model, Granger-Causality test, percentage analysis and tables, are used for analysis, hypothesis testing and interpretation of data. This study used various secondary data. Economic development of the developing countries like India, Pakistan, Sri Lanka, Bangladesh, and Nepal largely rely on FDI. However, the study also reveals that in the last two decades, India received 23 times more FDI than Bangladesh, Pakistan, Sri Lanka and Nepal. For attracting more FDI, these nations require to create more congenial and favorable atmosphere towards the foreign investors. It is also concluded that the after implementing make in India campaign investing countries in total FDI inflow are increased. KEYWORDS: FDI inflow, FDI outflow, GDP growth.

Trend and Impact of Military Expenditure on Economic Growth in South Asia

2018 ◽  
pp. 253-269 ◽  
Author(s):  
Sudhakar Patra
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Military Personnel ◽  
Positive Impact ◽  
Secondary Data ◽  
Military Expenditure ◽  
Asian Countries ◽  
Economic Productivity ◽  
Macroeconomic Indicators ◽  
Per Capita

The objective of the chapter is to analyze trend, pattern, and impact of military expenditure in South Asian countries, namely Bangladesh, India, Nepal, Pakistan, and Sri Lanka. The study is based on secondary data from World Bank database, South Asian report, and RBI macroeconomic indicators. The trend of military expenditure has been analyzed using line graphs for all five South Asian countries. Military spending is higher as percentage of GDP in Pakistan among all South Asian countries. Military expenditure has positive impact on economic growth in South Asian countries. The study suggested effective military expenditure strategies and expenditure which is important for improving economic productivity and growth of countries. There is positive correlation between total military personnel and per capita GDP in all South Asian countries except Pakistan.

Trend and Impact of Military Expenditure on Economic Growth in South Asia

2019 ◽  
pp. 793-809
Author(s):  
Sudhakar Patra
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Military Personnel ◽  
Positive Impact ◽  
Secondary Data ◽  
Military Expenditure ◽  
Asian Countries ◽  
Economic Productivity ◽  
Macroeconomic Indicators ◽  
Per Capita

The objective of the chapter is to analyze trend, pattern, and impact of military expenditure in South Asian countries, namely Bangladesh, India, Nepal, Pakistan, and Sri Lanka. The study is based on secondary data from World Bank database, South Asian report, and RBI macroeconomic indicators. The trend of military expenditure has been analyzed using line graphs for all five South Asian countries. Military spending is higher as percentage of GDP in Pakistan among all South Asian countries. Military expenditure has positive impact on economic growth in South Asian countries. The study suggested effective military expenditure strategies and expenditure which is important for improving economic productivity and growth of countries. There is positive correlation between total military personnel and per capita GDP in all South Asian countries except Pakistan.

scholarly journals Chinas trade intensity with South Asian countries

2018 ◽  
Vol 10 (4) ◽  
pp. 30-42
Author(s):  
Malik Ishfaq ◽  
Rather Ajaz
Keyword(s):  
South Asian ◽  
Trade Intensity ◽  
Asian Countries

scholarly journals South Asian Countries in Regional Integration Perspective: A Critical Review

2015 ◽  
Vol 9 (2) ◽  
pp. 43-59
Author(s):  
Sharmin Sultana ◽  
Jumana Asrat
Keyword(s):  
South Asian ◽  
Regional Integration ◽  
Free Trade Agreement ◽  
Regional Cooperation ◽  
Secondary Data ◽  
Trade Agreement ◽  
Developed Countries ◽  
Competitive Advantages ◽  
Asian Countries ◽  
Strong Source

This article focuses on regional integration among the eight South Asian countries i.e. Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. This study attempts to undertake an in-depth assessment of the potential of South Asian Free Trade Agreement (SAFTA) in South Asian Association for Regional Cooperation (SAARC) countries. The study is based on secondary data collected from different reliable sources. SAFTA can be a strong source of economic development and it can also enhance socio-economic opportunities throughout the region. Larger and economically stronger countries can achieve better bargaining power on trade negotiations by utilizing existing competitive advantages and regional expertise of the region as a unit. This approach can also help less developed countries to develop their economies and also can ensure the best possible use of the existing resources.Journal of Business and Technology (Dhaka) Vol.9(2) 2014; 43-59

scholarly journals Impact of Tourism Growth and FDI on Economic Growth: Evidence from South Asian Countries

2021 ◽  
Vol 3 (3) ◽  
Author(s):  
Muhammad Azhar Bhatti ◽  
Muhammad Yousuf Khan Marri ◽  
Ali Azam
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Population Growth ◽  
South Asian ◽  
Generalized Method Of Moments ◽  
Secondary Data ◽  
Fixed Effect Model ◽  
Asian Countries ◽  
Development Indicators ◽  
The Interest Rate

Nowadays, economic growth has again gained global attention because of the uncertainty in global economic conditions and attracts the focus of regulators and recent research studies. In this scenario, this study examines the role of tourism growth and foreign direct investment (FDI) on the economic growth of South Asian countries. This study has used the interest rate and population growth as the control variables. The secondary data has been extracted from the world development indicators (WDI) from 2001 to 2020. The fixed effect model (FEM) and generalized method of moments (GMM) are run to test the linkage among the variables. The results expose that tourism growth, FDI, interest rate, and population growth have a positive and significant effect on the economic growth in South Asian countries. The results provide guidelines to the regulators and furnish policies regarding economic growth for tourism growth.

Role of SAARC in Convergence of South Asian Economies

2016 ◽  
pp. 144-169 ◽  
Author(s):  
Sudhakar Patra
Keyword(s):  
South Asian ◽  
Regional Integration ◽  
World Trade ◽  
Secondary Data ◽  
High Growth ◽  
Asian Countries ◽  
Intensity Index ◽  
Macroeconomic Fundamentals ◽  
Import Share

The objective of the chapter is to analyze the role of SAARC in regional integration, trade convergence in south Asia. It also highlights the pattern and direction of export and import, share in world trade, preferential trading in South Asian countries. With strong and improving macroeconomic fundamentals, the South Asian region is well established on a high growth path. Based on secondary data on South Asian trade collected from South Asian Economic reports and other statistical volumes, the study observes a decreasing trend of export during the period 1990-2011. Consequently, the overall intra-regional trade intensity index decreased to 1.5 in the year 2010 from 4.2 in the year 2005. SAARC and SAFTA have not contributed in integration and convergence of South Asian Countries rather lead to trade divergence.

scholarly journals Regional Cooperation in Industrial Revolution 4.0 and South Asia: Opportunities, Challenges and Way Forward

2020 ◽  
Vol 21 (1) ◽  
pp. 76-98
Author(s):  
Arpita Mukherjee ◽  
Divya Satija
Keyword(s):  
South Asia ◽  
South Asian ◽  
Sustainable Development Goals ◽  
Industrial Revolution ◽  
Regional Cooperation ◽  
Secondary Data ◽  
Current Status ◽  
Asian Countries ◽  
The South ◽  
Development Goals

This paper examines the current status of use of Industrial Revolution 4.0 (4th IR) in South Asia and the role and need for regional cooperation to harness the potential and benefits of 4th IR. It examines the development across South Asian countries, their participation in international forums, their level of collaboration and cooperation in technology adaptation and digitalization. Based on secondary data analysis and in-depth meetings with experts, the paper explores the potential of 4th IR in this region and identifies the challenges of South Asian countries. It then presents recommendations on how the South Asian countries can harness the benefits of 4th IR and address their common concerns through collaborations under the South Asian Association for Regional Cooperation (SAARC), so that all member countries can benefit from 4th IR, by leveraging each other’s best practices and comparative advantages. This can help countries in the region to achieve high and inclusive growth and meet their sustainable development goals. JEL: O3, O57, F13

Wadhwa, Charan D. and MukulG. Asher (eds.). ASEAN-SOUTH ASIA Economic Relations. Singapore: Institute of Southeast Asian Studies. 1985. ix+384pp.

1988 ◽  
Vol 27 (3) ◽  
pp. 336-338
Author(s):  
Muhammad Hussain Malik
Keyword(s):  
Developing Countries ◽  
South Asian ◽  
Southeast Asian ◽  
Asian Countries ◽  
Asian Studies ◽  
Economic Relations ◽  
Rigorous Research ◽  
Southeast Asian Studies ◽  
The Right ◽  
Policy Proposals

The need to enhance their economic relations with each other has long been felt by developing countries. However, their efforts in this regard have met with limited success. One of the reasons for this could be that not much serious work has been done to understand the complexities and possibilities of economic relations of developing countries. The complementarities which exist among the economies of these countries remain relatively unexplored. There is a lack of concrete policy proposals which developing countries may follow to achieve their often proclaimed objective of collective self-reliance. All this needs serious and rigorous research efforts. In this perspective, the present study can be considered as a step in the right direction. It examines trade and other economic relations of developing countries of two regions of Asia-South Asian countries and member countries of the Association of Southeast Asian Nations (ASEAN). The study also explores ways and means to improve economic relations among these countries

Religion and Female-Male Ratios in India

2019 ◽  
Author(s):  
Swati Narayan
Keyword(s):  
South Asian ◽  
Asian Countries

The data is largely based on Census records from 1881 to 2011 of South Asian countries especially India, disaggregated by sex, age and religion.

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