N.Guruveera Kumar

The South Asian Association for Regional Cooperation (SAARC) is an economic and geopolitical organisation of eight South Asian nations. It plays the role of a guiding force for the member countries. The main objective of the SAARC is to promoting “welfare economics” and “collective self-reliance” among the South Asian nations. The member countries of the SAARC aim to strengthen “cooperation among themselves in international forums on matters of common interests”. The main objectives of the study were to know the India’s bilateral relations with SAARC nations and to analyse the growth and instability of time series data in India’s trade with SAARC nations during the period from 2001-02 to 2015-16. The present study is totally based on secondary sources. These sources were collected from various sites like Ministry of Commerce, Reserve Bank of India etc., The data is fed into the computer using MS-Excel, SPSS software package. The data is analyzed and interpreted according to the objectives of the study.  The results of the study reveals that the computed ‘t’ value is significant for all the variables during the period under consideration and the computed d-statistic shows no autocorrelation in India’s total exports to world.  However, the computed d-test statistic for India’s imports from SAARC Region do not reject the null hypothesis and India’s exports to SAARC region has shown that the test is inconclusive. The other variables like India's total exports to World and India's total imports from World have rejected the null hypothesis. Hence for correcting autocorrelation the GLS method have been used during the period from 2001-02 to 2015-16.

KEYWORDS: SAARC Nations, India, Auto-correlation

Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

Published on :

Vol : 5
Issue : 12
Month : December
Year : 2017
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