Open AccessIndia and European Union Trade (2016-2021)
Author(s) -
Mr. Shashikant Bharat Shinde,
Prof. Dr. G. S. Kamble
Publication year - 2022
Publication title -
international journal of advanced research in science, communication and technology
Language(s) - English
Resource type - Journals
ISSN - 2581-9429
DOI - 10.48175/ijarsct-2515
Subject(s) - liberalization , international trade , european union , order (exchange) , investment (military) , economy , free trade , variety (cybernetics) , economics , business , political science , international economics , market economy , politics , law , finance , artificial intelligence , computer science
The paper examines the potential for trade shift between India and Europe and the possibility for each economy to develop the following liberalization. India is Europe's biggest cooperation partner, and it serves as the foundation for a variety of collaborations. This article examines the evolution of trade flows between the economies of the two nations in a world where they are fully competitive. This research looks at cross-border European and Indian industries to see how easy it is to conduct business in another nation. The flow of commerce between India and Europe following liberalization is discussed in this research. As can be seen, both India and Europe offer a plethora of possibilities for each other that are still to be explored. There is a lot of mutual advantage in expanding on their relationship. This assessment was undertaken to determine the tone of these discussions. It aims to create the groundwork for a long-term relationship between these two dynamic or promising economies by highlighting the desirability of both nations for investment and business via various channels. This also demonstrates support for the growth of bilateral ties between India and Europe in various areas and the establishment of a laissez-faire economy following the new global economic order.