Jaipuria International Journal of Management Research

Ritika Gugnani ¹

Affiliations
1 Associate Professor, Jaipuria Institute of Management, Noida, Sector 62, Noida – 201309, IN

Abstract

Since 2009, India is trying to promote trade relations with Central Asian countries namely Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. So the aim of the study is to look into the efforts by both the sides and estimate the Trade Intensity Index of India with Central Asian Countries. The study found that the trade deficit with Kazakhstan have continuously expanded during this time period. However, the trade balance improved with all the other central Asian countries including Kyrgyz Republic, Turkmenistan, Uzbekistan and Tajikistan between 2010-2018. Other than pharmaceutical products electronic machinery, mechanical machineries like boilers etc. also holds lot of potential and their share in exports is continuously rising. The trade share of Kazakhstan and Uzbekistan is continuously rising but share of Kyrgyzstan, Tajikistan and Turkmenistan is fluctuating between 2010-2018. Indian exports to Central Asia over the time period of 2010-2018 has been concentrated in the area of consumer goods but with capital goods hold slot of potential. Trade Complementarity Index of Central Asian Countries is increasing after 2010 especially in case of Turkmenistan. The policy efforts are demonstrating moderate effects. There is room for more policy interventions.

Keywords

India, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Central Asia, Trade Intensity Index.

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Ritika Gugnani ¹, Pranjal Gupta ²

Affiliations
1 Associate Professor, Jaipuria Institute of Management, Noida, A-32A, Sector - 62, Noida - 201309, IN
2 Student, PGDM, Jaipuria Institute of Management, Noida, A-32A, Sector - 62, Noida - 201309, IN

Abstract

India always had cultural and commercial linkage with Central Asian countries in past. However, in spite of these linkages, actual trade volume remained below potential after Independence of India. Since the beginning of the new millennium, the growing energy security needs compelled India to look for newer sources of energy products and the export basket of the five Central Asian countries, namely, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan fitted perfectly with this goal. This paper looks into the trade pattern between Central Asian Countries and India and it first discusses a brief account of the share of Central Asian countries (CAC) in India’s trade basket and then it analyzes the nature of products traded between India and five countries of CAC viz. Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Major products exported and imported have been along with sectors with growing export inclination are identified.

Keywords

International Trade, Central Asian Countries, CAC, India, Trade Pattern.

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