This monograph presents the available research analyses on three important issues of revealed comparative advantage, gravity model and regional economic integration in the Indian context post economic liberalisation. Empirical evidence for each issue has been discussed to highlight the dynamism and evolution in the Indian manufacturing sector and trade patterns over the last more than two decades. For a comparative perspective, some empirical analysis on the Chinese economy is also presented. India’s preferential trade agreements with ASEAN and East Asian economies have been examined in the context of Pan Asian economic integration and its economic advantages for India as also relative to the progress of similar initiatives with the South Asian economies. While some definite economic progress has been achieved, available research also provides evidence of India’s yet unexploited regional and global trade potential as well as slow to evolve comparative advantage structure. The research highlights as thus presented may be useful in policy shaping in the important fields of India’s trade policy and participation in regional economic integration.
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Amita Batra is Professor of Economics in the Centre for South Asian Studies, School of International Studies, Jawaharlal Nehru University (JNU), New Delhi. She was the first holder of the ICCR professorial chair in Contemporary Indian Studies at the Centre for South Asian Studies and Edinburgh-India Institute, University of Edinburgh, Edinburgh, UK during January-May 2013. She has worked extensively in the area of regional economic integration with a focus on Asia and her latest book on the subject is Regional Economic Integration in South Asia: Trapped in Conflict? (London: Routledge, 2012). Prof Batra holds an MA, MPhil and PhD in Economics from the Delhi School of Economics, University of Delhi, Delhi.
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