This book offers a comprehensive analysis of the India-EU trade relationship. This data-driven study explores the historical, economic, and strategic dimensions of their trade ties, focusing on the potential benefits of a Free Trade Agreement (FTA) initiated in 2007 but yet to be finalized. Through quantitative methods like the SMART model, Revealed Comparative Advantage (RCA), and gravity model, the book evaluates trade flows, tariff and non-tariff measures, and services trade. It highlights opportunities for economic growth, market access, and sustainable development while addressing challenges like regulatory barriers and geopolitical complexities. Aimed at policymakers, academics, and practitioners, this book provides evidence-based insights and policy recommendations to strengthen India-EU trade relations, fostering a mutually beneficial partnership in a dynamic global economy.
Pravin Jadhav and Parashram Patil
Dr Pravin Jadhav is an accomplished trade policy researcher and Associate Professor of Economics, currently serving as the Head of the Humanities and Social Science Department at the Institute of Infrastructure, Technology, Research, and Management (IITRAM), Ahmedabad, under the Government of Gujarat. He holds a Ph.D. in Economics from IIFT, New Delhi, where he contributed to key trade projects for the Ministry of Commerce, the Ministry of Science and Technology, and the European Union. His research focuses on international trade, foreign direct investment, and export competitiveness, with special attention to India’s sectoral trade strategies. He currently leads an ICSSR-funded project on enhancing the export potential of AYUSH products under Vision Viksit Bharat@2047. Dr Jadhav has authored six books, published extensively in reputed journals, and received several accolades, including the Young Achiever Award for FDI research. His work actively supports trade facilitation and export growth policy initiatives.
Dr Parashram Patil, an Indian agricultural economist, is a renowned international expert in agriculture and natural resources economics. Rising from an agricultural laborer to a global authority, he holds a Doctorate from Shivaji University and a Post-Doctorate from Savitribai Phule University. Currently, he serves as Senior Advisor Agriculture for Maharashtra’s government, Independent Director at Maharashtra State Cashew Board, and APEDA Board Member. As Chairman of The Institute for Natural Resources and founder of Western Ghat Agro & Forest Museum, he drives innovation. With eight books, numerous research papers, and extensive policy advisory experience, Dr Patil shapes agriculture, trade, and climate change strategies, impacting governments, corporates, and farmers.
Contents
Preface
Tables and Figures
1. Introduction
2. India-EU Trade: A Data-Driven Analysis
3. Potential Benefits of the India-EU Free Trade Agreement
4. Estimation of Potential impact of NTMs on the India-EU limited Trade Agreement
5. Intricacies of Service Trade between India and the EU
Index
Political Science
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