Look East Policy: Southeast Asian Economic Integration of India
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Abstract
Abstract
Economic reorganization and liberalization had paved India’s rapid future economic growth and international economic relations by adopting a “Look East Policy” to pursue economic integration with Southeast Asia. This paper examines a number of measures to promote economic cooperation between India and Southeast Asia. The analytical results show that foreign exchange reserve and foreign direct investment (FDI) of India were interrelated. There was a considerable contribution of foreign exchange reserve on FDI of India from 1991 to 2008. A closer economic tie with Southeast Asia requires a greater effort by India’s to further liberalize trade and investment.
Keywords : economic integration, regional, trade, growth
JEL Classification : F15, P25, F13, R11
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