Open AccessFree trade relations between Iran and India
Author(s) -
Aref Jafari Sadeghabad,
Dr.Sapna Sukrut Deo
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.i8497.078919
Subject(s) - developing country , free trade , capital good , investment (military) , economics , international trade , order (exchange) , foreign direct investment , capital (architecture) , investment goods , trade barrier , international free trade agreement , production (economics) , international economics , world economy , politics , goods and services , economy , economic growth , macroeconomics , political science , geography , archaeology , finance , law
In today's turbulent and complicated world, many developing countries have placed priority on free trade and investment in the various sectors of the economy in order to stay on the path of development and economic growth. Free trade and the formation of capital as one of the vital variables of growth Economic is considered, which will increase the productive forces of society through the production of capital goods, in order to enable them to produce the necessary commodities. The role of free trade and foreign investment in the planning of developing countries that now have high economic growth cannot be ignored. In India and Iran, the history of trade and investment has been formed more or less parallel to investment developments in different countries of the world. But the course of its evolutions and fluctuations in the course of international trade and the inflow of foreign capital have been more influenced by political developments and the specific political conditions of countries in different periods of time, and only economic goals have not been effective in this process. Hence, according to the information obtained through the primary and secondary data, India-Iran trade relations are positive and developing.