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Latency and Economic Concert of India’s Trade with Russia: An Empirical Investigation

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  • Wani, Nassir Ul Haq

Abstract

This article focuses on Indo-Russia trade relations and evaluates the economic performance of trade in terms of symmetry, complementarity, intensity, and similarity and future prospects for Indo-Russia trade relation and the change in the economic scenario over a 24-year period from 1995 to 2018. The article attempted to evaluate Indo-Russia trade using Thiel’s symmetry criteria, trade complementarity index (TCI), and export similarity index (ESI) analysis in exports and imports in a different type of goods categorized on the basis of their production. In terms of symmetry, trade is increasingly asymmetric for Russia-India and is much more visible during 1995 as compared to 2018. Moreover, the declining complementarity trend (in 2010 and 2018) is a result of production specialization. Regarding the export similarity of India against Russia, India enjoys a competitive edge in the basic agricultural Commodities. During 2005-2010, the trend reversed as India’s exports were getting much more specialized and back in 2015 the trend of similarity remained in India’s favor.

Suggested Citation

  • Wani, Nassir Ul Haq, 2019. "Latency and Economic Concert of India’s Trade with Russia: An Empirical Investigation," MPRA Paper 104616, University Library of Munich, Germany, revised 19 Nov 2020.
    • Handle: RePEc:pra:mprapa:104616
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    Cited by:

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    More about this item

    Keywords

    India; Russia; exports; imports; symmetry;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F19 - International Economics - - Trade - - - Other

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