Economic Studies - Research Publications

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    Technological Intensity of Indian Exports and the Performance of Emerging Asian Economies
    (Sage Publication, 2018) Fayaz; Kaur, Sandeep
    The increasing share of technological-intensive products in the world trade has recognized technology and technological capabilities as a major factor for competitiveness and growth. Notably, the emerging countries are progressively becoming the exporters of the products that are technologically more intensive. Thus, the current study presents an analysis of Indian exports and the performance of emerging Asian economies in terms of technological intensity over the period 1980–2016. The study shows that the exports of all the said emerging economies have a large technological base owing to their significant investments in R&D and open-door policies. While the figures of India also show a steady though slow technological upgradation from low-tech to medium-tech and high-tech exports but when compared to the standards of these emerging economies, they are low. Thus, in order to increase the technological intensity of its exports, there is a need to invest more in high-tech and medium-tech R&D activities and overcome the technological barriers. There is also a need to devise the policies that would make a favorable environment for attracting more outward-oriented foreign direct investment (FDI).
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    India’s Trade with Central Asia: Trends and Prospects
    (IACD- Institute of Asian Culture and Development, 2011) Kaur, Sandeep
    Although the countries of Central Asia have been integrated in the global economy, their economic relations with India have been declined significantly. India’s BOT with all Central Asian countries (except Uzbekistan) had been favourable during 1993- 2009. Indian exports as well as imports from Central Asia are highly concentrated around few commodities during same period. Moreover, the Central Asia’s role in selected Indian exports as well as imports was not so strong and in fact negligible. There has been found very low trade of India with Central Asian countries. This is due to many reasons but lack of economic and financial sector reforms in some of these countries is one of the basic reasons. The other factors of this low trade are lack of direct transport links, poor infrastructure, inadequate banking facilities and tax structure, competition by Russia, China and USA etc. India can increase trade relations with Central Asia and also can play a multi- dimensional role in the development of these former Soviet Republics. Recently these economies have grown up; therefore good economic relations of India with Central Asia can boost their trade.
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    Trends , Patterns and Determinants of Indian Current Account Deficit
    (Euro-American Association of Economic Development Studies, 2016) Fayaz, Mohd; Bhatia, Sandeep Kaur
    India’s current account experience deteriorated due to its large dependence on imports and un-competitiveness of exports. The relation between external and internal balances, with deficit in specific, deserves significant attention. Thus to understand the factors influencing current account is important for better designing the policies aiming at sustainable Current Account Deficit (CAD). In this direction, the present study is an endeavour to enrich the existing literature on the trends, patterns and determinants of current account deficit in India since 1996. The study adopts Johansen Cointegration approach to identify long-run relationship and uses Vector Error Correction Model (VECM) to identify short-run relationship. The results of Johansen Cointegration test indicates the existence of long-run equilibrium relationship between the current account and the variables of interest, implying that India’s current account is influenced by these factors. On the basis of the empirical results, study concluded that continuously increasing Net Foreign Assets (NFAs) will lead to the betterment of the current account while, increase in imports encompassing exchange rate deterioration will keep on mounting pressure on CAD of India.