Economic cooperation and trade potential of Indian energy sector products between India and BCM region
Journal Title: Journal of Management Research and Analysis - Year 2018, Vol 5, Issue 2
Abstract
South East Asia has become a critical and important part of the world trading system since last couple of decades It has also emerged as the worlds fastestgrowing economy As a geographically connected region the BCIM Economic Corridor EC is expected to ease the flow of goods between two of the largest and oldest economies of the globe namely India and China It will also provide greater economic resources to the burgeoning markets of Bangladesh and Myanmar The primary objectives of the study are to identify major tradable products of the energy sector of India and cluster them as per their trade potential In this study the scope of energy sector has been kept confined to products and equipment directly associated with energy access Energy security has been kept outside the purview of this present study Using 6digit Harmonized System 40HScodes41 of classification for both renewable and nonrenewable energy a list of 270 products and major equipment associated with renewable and nonrenewable energy sector have been identified for preliminary analysis of Indias trade potential of energy sector products in the BCIM region Various clusters of products and equipment associated with energy sector have been formed The clusters have been made on the basis of seven different parameters which are commonly used for analyzing trade date For each product values for these seven parameters have been estimated using past trade data 200913 Primarily WITS data has been used And to understand intraindustry trade IIT the GrubelLloyd index has been usedFK index has been used to understand the trade creation and trade diversion potential of the trading partners SMART package has been used to estimate welfare gains for BCIM member countriesKeywords RCA IIT TCI BCIM SMART GLI RTA FKI RCDA SSI
Authors and Affiliations
Kallal Banerjee, Depankar Dey
Keywords
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- EP ID EP514137
- DOI 10.18231/2394-2770.2018.0027
- Views 98
- Downloads 0
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