India’s Regional Trading Arrangements

Abstract: This paper presents a brief non-technical overview of the conceptual basis of RTAs by highlighting the implications of concepts like trade creation and trade diversion. The paper then moves to pinpointing some of the global trends in RTAs to place the Indian engagements in a perspective. The patterns of India’s regional economic initiatives are analyzed by presenting the factual account of the same. A brief over view of possible welfare and human development implications of RTAs in general and of India in particular are also dealt.