• Sharat Chandran
• Jaheer Mukthar KP

As the regionalization efforts of international trade gets widened primarily due to limited progress at the multilateral trade negotiations, India is making serious regional engagements to consolidate its trade positions. India ASEAN Free Trade Agreement (IAFTA) generated intense discussion on the economic impact on India’s trade in goods particularly on certain agricultural sectors where the livelihood of large number of people were depended upon. As both regions aim to reduce their import duty on a majority of their traded products which will allow them to increase the market access of their products. There is a concern that India will not experience as great a benefit from the increase in market access to ASEAN nations as ASEAN will in India. India does not have the same kind of resources to offer ASEAN like China, so it will be in India’s best interest to have a clear picture of where she stands in light of these new developments over the past decade. It is imperative to have a clear understanding of what the country’s advantages are and where its disadvantages, hence this study aims to bring to light in what sectors India has advantage in trade and in what sectors India has a disadvantage in trade with ASEAN countries.

ASEAN, IAFTA, REVEALED COMPARATIVE ADVANTAGE INDEX, LOOK EAST POLICY

"INDO-ASEAN TRADE RELATIONS: UNDERSTANDING THE COMPARATIVE ADVANTAGE SECTOR FOR INDIA BY USING BALASSA’S RCA INDEX", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.633-640, June-2019, Available :http://www.jetir.org/papers/JETIR1906380.pdf

"INDO-ASEAN TRADE RELATIONS: UNDERSTANDING THE COMPARATIVE ADVANTAGE SECTOR FOR INDIA BY USING BALASSA’S RCA INDEX", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp633-640, June-2019, Available at : http://www.jetir.org/papers/JETIR1906380.pdf