Foreign trade of India and Central Asia

Authors

  • Aleksander Nikolayevich Zakharov Moscow State Institute of International Relations MFA Russia
  • Anna Gennadyevna Posokhina Moscow State Institute of International Relations MFA Russia
  • Vassily Alekseevich Polyakov Moscow State Institute of International Relations MFA Russia

Keywords:

India, Central Asia, foreign trade, mutual trade, trade turnover, commodity items, regional cooperation, economic cooperation, industrialization

Abstract

This article analyzes the changes in foreign trade of India and Central Asia over the past five years, favorable conditions and prospects for the development of economic and trade cooperation between the two global economic players. The economic relations between India and the Central Asian Republics have great chances to reach a qualitatively new level of development, which is primarily due to the infrastructure development initiated by India. The growth of trade with Central Asia in the coming years will largely depend on global prices for raw materials, as well as on the success of the development of oil fields in Kazakhstan and the degree of implementation of the uranium ore supply agreement. Despite the difficulties in forecasting further development of trade between India and the Central Asian region, it is obvious that India will not miss the opportunity to compete with Russia and China for influence in the region.

Author Biographies

Aleksander Nikolayevich Zakharov, Moscow State Institute of International Relations MFA Russia

Doctor of Economic Sciences, Professor
Place of work, post: Moscow State Institute of International Relations MFA Russia (Vernadskogo prospekt, 76, Moscow, 119454), Department of Word Economy – Professor

Anna Gennadyevna Posokhina, Moscow State Institute of International Relations MFA Russia

Place of work, post: Moscow State Institute of International Relations MFA Russia (Vernadskogo prospekt, 76, Moscow, 119454), School of International Economic Relations – 3rd year student

Vassily Alekseevich Polyakov, Moscow State Institute of International Relations MFA Russia

Place of work, post: Moscow State Institute of International Relations MFA Russia (Vernadskogo prospekt, 76, Moscow, 119454), School of International Economic Relations – 3rd year student

Published

2024-02-08

How to Cite

Zakharov, A. N., Posokhina, A. G., & Polyakov, V. A. (2024). Foreign trade of India and Central Asia. Russian Foreign Economic Journal, (12), 86–97. Retrieved from https://journal.vavt.ru/rfej/article/view/1107

Issue

Section

Foreign trade activity

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