Vol 2 Issue 1 January 2015-March 2015
Supriya Lamba, CA. Vibha Singh, Bishal Sengupta, Vinod Vijayasankaran
Abstract: Asia has been a major contributor to the global GDP. It is a home for many developing nations that have huge demand and are powerhouse of opportunities for the investors, increasing its contribution to global trade Y-o-Y. FDI-inflows data reveals that Asia is attracting more capital inflows than any other continent. It also has two of its nations in Top 10 rankings of Business friendly economies.
India, the 2nd most populous and one of the youngest countries in the world. It has tremendous demand and makes substantial contribution to intra-regional Asian trade. Currently, it ranks very low in Ease of Business Index 2015 due to its policy deadlocks, lack of sufficient infrastructure etc. Still, things are expected to be better with rise in investor and consumer confidence in 2014.
India has come to realize potential untapped opportunities in Asia, which can fulfill its gigantic energy needs for growth in several successive decades. This potential is amplified by the fact that India just happens to be in the “sweet spot” geographically because of its connectivity to other nations in Asia as well as other continents through its peninsular landform. It is a crucial point of trade for pacific region seeking entry in Central Asia, West Asia, Europe and Africa.
To explore the opportunities trapped in Central Asia, it has taken initiatives like coming up with International North-South Transport Corridor for transporting goods and people. But, everything has its own advantages and disadvantages. Just to count one of its disadvantages, it can also cost India with increase in terrorism from Afghan surroundings that are speculated to have military camps.
Considering a well-planned execution of the policies, it is indeed a promising opportunity for India to grab. It will also tighten the geopolitical relations between India and nations of Central Asia. The main objective is to analyze the impact and opportunities of India’s economic stance in Asian economy and trade with special reference to Central Asia and Japan.
Keywords: Central Asia, Development, Energy, Japan, Neighbourhood, Prime Minister Narendra Modi, Trade, Trade Routes.
Title: India and Asian Economy & Trade with Special Reference to Connect Central Asia Policy
Author: Supriya Lamba, CA. Vibha Singh, Bishal Sengupta, Vinod Vijayasankaran
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management
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