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Title: ANALYSING TECHNOLOGY-INTENSIVE AND GVC EXPORTS: A STUDY OF INDIA, ASEAN, AND GLOBAL TRENDS
Authors: Chandni Dawani and Deepa Pareek
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Chandni Dawani1 and Deepa Pareek2 1. Research Economist, Infinite Sum Modelling LLC, U.S.A. & Research Scholar, The IIS (Deemed to be University), Jaipur, Rajasthan, India. 2. Professor of Economics, The IIS (Deemed to be University), Jaipur, Rajasthan, India.
MLA 8 Dawani, Chandni, and Deepa Pareek. "ANALYSING TECHNOLOGY-INTENSIVE AND GVC EXPORTS: A STUDY OF INDIA, ASEAN, AND GLOBAL TRENDS." Int. j. of Social Science and Economic Research, vol. 9, no. 4, Apr. 2024, pp. 1216-1235, doi.org/10.46609/IJSSER.2024.v09i04.023. Accessed Apr. 2024. APA 6 Dawani, C., & Pareek, D. (2024, April). ANALYSING TECHNOLOGY-INTENSIVE AND GVC EXPORTS: A STUDY OF INDIA, ASEAN, AND GLOBAL TRENDS. Int. j. of Social Science and Economic Research, 9(4), 1216-1235. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i04.023 Chicago Dawani, Chandni, and Deepa Pareek. "ANALYSING TECHNOLOGY-INTENSIVE AND GVC EXPORTS: A STUDY OF INDIA, ASEAN, AND GLOBAL TRENDS." Int. j. of Social Science and Economic Research 9, no. 4 (April 2024), 1216-1235. Accessed April, 2024. https://doi.org/10.46609/IJSSER.2024.v09i04.023.
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ABSTRACT: Recognizing the growing importance of technology-intensive and Global Value Chain (GVC) products in global trade, this paper delves into the trends and pattern of trade in these sectors between India and ASEAN vis-à-vis world over the past two decades (2003–2022).The analysis utilizes a product classification of technology-intensive goods in the trade sector based on HS nomenclature, along with GVC products represented by the parts and components sector, to explore the bilateral trade dynamics between India and ASEAN. The findings indicate that technology exports constitute a substantial portion of ASEAN's total exports, accounting for 52.3 percent, compared to India's 29.7 percent in 2022.Interestingly we also find that ASEAN's technology exports to India exhibited a higher growth rate than its technology exports to the global market during the period 2003-2022. This observation indicates a deepening trade relationship between ASEAN and India in the technology sector, highlighting India's increasing importance as a destination for ASEAN's technology-intensive goods. The analysis further revealed that although India's share in ASEAN's global exports of technology-intensive GVC products is relatively small, the export growth over the last two decades has been promising. This growth trend reflects significant trading opportunities in this emerging sector between the two regions. These insights hold significant implications for Indian policymakers, particularly in the context of the impending review of the existing India–ASEAN Free Trade Agreement (FTA) in goods.

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