A TRADE INTENSITY ANALYSIS BETWEEN INDIA AND UAE SINCE 2001
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Abstract
International trade has been considered as an engine of economic growth since very long. India has also been involved in trading terms with the world in fact in order to enhance its trading terms, India has adopted economic reforms in 1991 in the form of liberalization, Globalization and Privatization .India’s major trading partners are China, USA, UAE, Germany, Saudi Arabia, Kuwait, Oman .But here we are confined to the study of trade between India and UAE. India is having good trading terms with UAE since 1972 that is from the establishment of UAE.UAE has remained important source for India not only for imports and exports but for remittances also. In this study we have tried to analyze trade intensity index for India with respect to UAE. Study period has been taken from 2001 to 2016.We have found that India’s export intensity index (wrt) UAE, was highest in 2001 estimated as 12.5 while lowest in the year 2010.Then import intensity index highest in 2010 and lowest in 2002.Besides that we have also discussed the composition of trade between the two countries.
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