The Changing Profile of India’s Trade Relations: A Partial and General Equilibrium Analysis

This book unravels the complex spectrum of trade policy in India with the help of partial and general equilibrium models. It evaluates India’s recent trade deals with the UAE, Australia, European Free Trade Area (EFTA), and Mauritius, among others.

Using applied general equilibrium methods to analyse recent debates about the conduct of India’s trade policy, this book aims to present how the barriers to trade have been affecting trade flows. It further presents a set of large-scale computable general equilibrium simulations of the effects of changes in trade barriers. It also explores India's need to deal strategically with China and provide different economic solutions, despite the conflicts along their international borders. Moreover, it focuses on how India, through its trade orientation, needs to manage its natural resources and deal with land scarcity.

The volume will be of interest to scholars and researchers of international trade and finance, business economics, and econometrics. It will also be of interest to foreign trade experts, researchers, policy makers and government officials, among others.

Somesh K. Mathur is Professor of Economics at the Indian Institute of Technology (IIT) Kanpur.

Prabir De is Professor at Research and Information System for Developing Countries (RIS), New Delhi.

Archana Srivastava is Associate Professor at BITS Pilani Hyderabad Campus, Hyderabad.