INDIA’S TRADE RELATIONS WITH OTHER SAARC NATIONS: AN ANALYSIS BASED ON TRENDS FROM 2014 TO 2021
Keywords:
SAARC Countries, South Asia, Covid-19, SAARC secretaries.Abstract
In terms of South Asian institutions, SAARC is crucial. The South Asian Association for Regional Cooperation (SAARC) is a political and economic group in the region. It’s founding members—Bangladesh, Bhutan, Maldives, Nepal, Pakistan, Sri Lanka, and Afghanistan—made it the largest regional organization on December 8, 1985. It has played a significant part in fostering closer ties between its member countries by organizing summits and conferences at a variety of levels. India plays a significant role as a SAARC member. Geographically and economically, India controls 70 percent of the SAARC region, while the other six member nations share borders only with India. In this study researcher highlights India’s trade relations with other SAARC economies. Researcher also examines India's commercial ties to the other SAARC nations during the COVID-19 pandemic. Data used in this article was collected from yearly reports made public by SAARC secretaries, which included numerical data acquired from those reports. The results indicate that during the Covid-19 outbreak, trade between India with the other SAARC members fall. The research indicates that the future has opportunities that are favorable for the progress of nations.
