Seybold Report ISSN: 1533-9211
Dr. Jyotsna, Dr. Saroj Rani, Dr. Neha
Vol 18, No 6 ( 2023 ) | Licensing: CC 4.0 | Pg no: 458-472 | Published on: 30-06-2023
Abstract
India is Bhutan’s top trade partner both as an import source and as an export destination. Since 2014, India’s trade with Bhutan has almost tripled from USD 484 million in 2014-15 to USD 1422 million in 2021-22, accounting for about 80% of Bhutan’s overall trade, with the balance of trade in India’s favor. The research focuses on the trade relationship between India and Bhutan, strengthens the economic and trade link between them, and will contribute toward intra- regional trade and integration. This Paper focuses on inter- regional and intra- regional cooperation to strengthen Economic and Exports - Imports soundness among India and Bhutan.The purpose of this paper is to empirically analyze the impact of bilateral trade between India and Bhutan. The data was collected from world development indicators, Ministry of Commerce and Industry, and World Bank. The RCA will be used for intra- regional trade to analyze India and Bhutan's trade which is often used to estimate international trade flows with explanatory variables and policy implications for novel variables or parameters affecting bilateral trade flows. The empirical findings suggest that India and Bhutan have positively intra-regional trades between them. This paper suggests that the governments of both countries should make some goal-oriented policies for economic growth and integration in the region.
Keywords:
Bilateral Trade, RCA, Intra-regional trade, Sustainability