The East-Asian vector of the Indian external policy: priorities in the South-East Asia

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Abstract

The aim of this research is the analysis of the key direction of the East-Asian vector of the Indian external economic policy in 1990-2000s - its ties with the South-East Asian countries. The article highlights the main direction of the Indian government’s policy in the region - trade cooperation. The author examines the composition of the Indian exports to the South-East Asian countries and imports from this region as well as the main trade partners. The article also presents statistical data on the Grubel-Lloyd Index which measures India and the ASEAN-countries intra-industry trade of five main import and export products. The article also highlights the current bilateral investment interaction. It is noted that the investment cooperation between India and the South-East Asian countries is characterized by significantly higher activity of Indian investors. As a whole it helps accelerating bilateral economic relations. The author notes the mechanism of the Indian assistance to the South-East Asian countries and points out that providing assistance India wins markets for their products as well as favorable conditions for its companies to penetrate the South-East Asian region which ultimately stimulates the growth of bilateral trade. The author stresses that the Indian policy of providing assistance aims at consolidating its economic positions in the region as well as at spreading its geopolitical influence. The article presents statistical data characterizing the present state of the Indian external economic ties with this region.

About the authors

Natalia Valerievna Galistcheva

Moscow State Institute of International Relations (MGIMO-University), Ministry of Foreign Affairs of the Russian Federation

Author for correspondence.
Email: galistcheva@yandex.ru
Moscow, Russia

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Copyright (c) 2016 Galistcheva N.V.

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