Journal Press India®

An Analysis of India-Uzbekistan Trade Prospects

Vol 10 , Issue 2 , July - December 2023 | Pages: 138-150 | Perspective  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/jpi.focus.v10i2.1022307


Author Details ( * ) denotes Corresponding author

1. * Navjot Kaur, Assistant Professor, P.G. Department of Economics, Khalsa College Amritsar, Amritsar, Punjab, India (navjot.sukhmani@gmail.com)

Uzbekistan is resource rich, strategically located country that provides wide range of trade and investment opportunities for India. The total trade turnover between the two countries in 2019 was $355.5 million which is much below the coveted target of USD 1 billion. Pharmaceuticals, textile, automotive industry, information technology, infrastructure, education and tourism are the main areas where the two countries can collaborate successfully. Being a part of its extended neighbour, India must play a proactive role in Uzbekistan as well as in other countries of Central Asia, so as to secure its economic, political and strategic interests.

Keywords

Trade Turnover; Strategic Area; Energy Security; Bilateral Trade; Land Locked

  1. Aggarwal, P. & Sangita, S. (2013). India and Central Asia: Trade routes, trade potential. IEG Working Paper No. 334. Retrieved from https://iegindia.org/upload/publication/ Workpap/wp334.pdf
  2. Akhatov, D. (2022). Uzbekistan–India: Close friendship and strong partnership, diplomacy & beyond. Retrieved from https://diplomacybeyond.com/uzbekistan-india-close-friendship-and-strong-partnership/
  3. Boston Consulting Group (2018). Investing in Central Asia: One region, many opportunities. Retrieved from https://web-assets.bcg.com/img-src/BCG-Investing-In-Central-Asia-report-ENG_tcm9-247778.pdf.
  4. Dave, P. (2022). The great game in Central Asia and its relevance for India. Retrieved from https://thekootneeti.in/2022/09/19/the-great-game-in-central-asia-and-its-relevance-for-india/
  5. Exim Bank (2020). India and Central Asia: Revitalizing trade and investment relations. Occasional Paper no. 196. Retrieved from https://www.eximbankindia.in/Assets/ Dynamic/PDF/Publication-Resources/ResearchPapers/134file.pdf.
  6. Govt. of India (2016). India-Uzbekistan relations. Ministry of External Affairs. Retrieved from https://www.mea.gov.in/Portal/ForeignRelation/Uzbekistan_July_2016.pdf.
  7. Levi, C. S. (2002). The Indian diaspora in Central Asia and its trade, 1550-1900. Brill: Leiden, Boston.
  8. Pradhan, R. (2018). India’s expanding interest in Central Asia: Policies, issues and challenges. The Journal of Central Asian Studies, XXV. Retrieved from https://ccas.uok.edu.in/Files/93269b6c-7f53-4439-ae9a-3bdf55a4c649/Journal/b6474c0f-54f2-4913-a6a1-237e584d7b42.pdf.
  9. Roy, M. S. (2001). India’s interest in Central Asia. Strategic Analysis: A Monthly Journal of IDSA, XXIV, 12. Retrieved from https://ciaotest.cc.columbia.edu/olj/sa/sa_mar 01rom01.html
  10. UN Comtrade (2021). International Trade Statistics Database. Retrieved from http://comtrade.un.org
  11. Wani, A. (2020). India and China in Central Asia: Understanding the new rivalry in the heart of Eurasia. ORF Occasional Paper
  12. WITS (2020). Trade statistics by country. Retrieved from http://wits.worldbank.org.
Abstract Views: 2
PDF Views: 1

News/Events

Indira School of Bus...

Indira School of Mangement Studies PGDM, Pune Organizing Internatio...

Indira Institute of ...

Indira Institute of Management, Pune Organizing International Confe...

D. Y. Patil Internat...

D. Y. Patil International University, Akurdi-Pune Organizing Nation...

ISBM College of Engi...

ISBM College of Engineering, Pune Organizing International Conferen...

Periyar Maniammai In...

Department of Commerce Periyar Maniammai Institute of Science &...

Institute of Managem...

Vivekanand Education Society's Institute of Management Studies ...

Institute of Managem...

Deccan Education Society Institute of Management Development and Re...

S.B. Patil Institute...

Pimpri Chinchwad Education Trust's S.B. Patil Institute of Mana...

D. Y. Patil IMCAM, A...

D. Y. Patil Institute of Master of Computer Applications & Managem...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management International Conference on ...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.