• Sant Ram Saini
• Dr. Kamal Aggarwal2

Due to strategic and geographical location, India-ASEAN trade is growing over the period of time. In this regard, India adopted a more open and liberal trade-investment policy and its interest has increased in collaborating with its eastern and southeastern neighbouring nations. India shared a long colonial and cultural history with ASEAN members’ states that had helped to shape up trade relations between them over the years. ASEAN is a group of developing countries in the world. They constitute 8.8% population of the world, 7.0% of world trade, 3.6% of world’s Gross Domestic Product (GDP) and 3.0% of the world region. During the study period, India-ASEAN trade relations are steadily growing with the value term i.e. from the USD 16.1 billion (or USD 16102 million) during the period of 2004) to USD 68.3 billion (USD 68352 million) in 2018 but in this period, India's imports exceed than exports with ASEAN nations.

Key Words: Trade, Developing country, consumption possibility frontier, production possibility frontier, Gross Domestic Product

"INDIA’S TRADE POTENTIAL WITH ASEAN: AN ASSESSMENT ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 7, page no.c387-c396, July-2021, Available :http://www.jetir.org/papers/JETIR2107318.pdf

"INDIA’S TRADE POTENTIAL WITH ASEAN: AN ASSESSMENT ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 7, page no. ppc387-c396, July-2021, Available at : http://www.jetir.org/papers/JETIR2107318.pdf