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VOL. 11, ISSUE 7 (2025)
Analysis of India's role in regional economic integration with reference to SAARC & BRICS nations
Authors
Dr. Ashutosh Kumar Jha, Dr. Sakshi Agrawal
Abstract
Regional economic integration allows for agreements to be made between
a group of countries that work together to remove trade barriers, coordinate
policies, and cooperate economically. The member nations of this group work in
the areas of free trade, investment, mobility of labor capital and education.
With the help of regional economic integration, a country can progress in terms
of economic growth, poverty reduction, political stability and innovation. Some
regional economic integration groups are North American Free Trade Agreement
(NAFTA now USMCA), SAARC, the South Asian Association for Regional
Cooperation, Association of Southeast Asian Nations (ASEAN), European Union
(EU). India is a member of several economic integration groups, some of the
major ones being: BRICS, free trade agreement with ASEAN, and the Regional
Comprehensive Economic Partnership (RCEP). Joining these groups will provide
India with new opportunities for trade, investment and economic growth, while
also promoting regional cooperation and stability. This paper is an attempt to
understand the reasons for regional economic integration and how regional
economic integration is beneficial for India.
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Pages:59-62
How to cite this article:
Dr. Ashutosh Kumar Jha, Dr. Sakshi Agrawal "Analysis of India's role in regional economic integration with reference to SAARC & BRICS nations". International Journal of Commerce and Management Research, Vol 11, Issue 7, 2025, Pages 59-62
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