India′s Trade Analytics

Biswajit Nag is Professor of Economics at the Indian Institute of Foreign Trade (IIFT), New Delhi. He has been involved in empirical economic research for more than two decades in addition to having taught in both India and overseas. Dr Nag has completed a number of projects for the Government of India and international agencies such as the UN, World Bank, Asian Development Bank, World Trade Organization (WTO), European Union, Department for International Development (DFID) and Japan International Cooperation Agency (JICA). He is also an advisor on global value chain (GVC) to Asia-Pacific Research and Training Network on Trade (ARTNet), promoted by the UNESCAP. His current research interest covers areas of international production networks (IPNs), GVCs, trade in services, regional trade agreements (RTAs), trade and development and so on. He is well known for advising on sector-based strategies to access the international market. Dr Nag is currently working on trade and technology with a focus on the firm’s ability to absorb new technology and accelerate its involvement in international trade. He is also conducting research on technology integration and employment dynamics in Indian exportable sector. He has also recently reviewed ‘Digital Trade Facilitation in Asia and the Pacific’, a report published by the UN. His book My World with Rafiki: An Economic Travelogue and Miscellany focuses on changing international business environment and is based on case studies used in MBA classes. His another book Business Innovation and ICT Strategies (co-authored) deals with decision-making strategies using Information and Communications Technology (ICT) tools and role of open innovation in aligning technical capabilities and market knowledge.Dr Nag has trained a large number of officials and corporate managers in India and abroad on trade policy and development issues including quantitative tools to analyse developmental impact of policy change and international business. Debashis Chakraborty is Associate Professor of Economics at Indian Institute of Foreign Trade (IIFT), Kolkata. His research interests include international trade and WTO policy issues, RTAs, environmental sustainability considerations, economic development in India and India’s intra-industry trade (IIT) relations. Dr Chakraborty has completed a number of projects for the Government of India, corporate bodies and international agencies including World Bank, Commonwealth Secretariat and others. He has been involved in empirical economic research for more than a decade and extensively published his research articles in national and international refereed journals. He also has 11 volumes (including both co-authored and co-edited ones) to his credit. His co-edited volume entitled Trade, Investment and Economic Development in Asia: Empirical and Policy Issues has been published recently. Dr Chakraborty is currently working on the level and determinants of India’s IIT across sectors with partners and its implications on labour market outcomes. Of late, he is also focusing on the popularization of sustainability narrative among readers in wider forums. Dr Chakraborty is presently a co-editor of Foreign Trade Review (SAGE), which is a comprehensive forum for disseminating theoretical and empirical research on the issues related to international trade and investment.Over the years, Dr Chakraborty has been involved in training a large pool of government officials and corporate executives on trade policy and competitiveness analysis, and the application of quantitative techniques to form future policy decisions.

• Foreword - L. Alan Winters CBPrefaceIntroduction: Trade Analytic Tools for Policymaking and Business Decisions—Application and Interpretation - Biswajit Nag and Debashis ChakrabortyPART A: STRUCTURE AND USE OF TRADE DATA AND INDICESIndia’s Trade Pattern and Opportunities with Central Asian Countries: An Application of Select Trade Indices - Debashis Chakraborty and Zaki HussainEmerging Patterns in Intra-industry Trade: An Analysis of India–EU Trade with Select Sectors - Biswajit Nag and Zaki HussainPART B: SECTOR-BASED TRADE OUTCOME ANALYSISExport Competitiveness of India’s Leather Exports: Application of Select Indices - Debashis Chakraborty and Zaki HussainA Constant Market Share Analysis of India’s Export to ASEAN Countries - Debashis Chakraborty, Triptendu Prakash Ghosh and Zaki HussainShift Share Analysis: An Application to Analysis of Indian Exports - Bibek Ray ChaudhuriInternational Production Networks (IPNs) and Global Value Chains (GVCs) between India and Northeast Asia: An Analysis of Value-added Trade in Selected Industries - Biswajit Nag and Jaewook LeePART C: ASSESSMENT OF OPEN ECONOMY INDICATORSBalance of Payment Analytics: Application of Select Indices - Ranajoy BhattacharyyaExchange Rate Dynamics and Measuring Balance of Payment Implication - Ashima Puniani and Jaydeep MukherjeePART D: TRADE IN SERVICESMeasuring Services Trade: Major Challenges in India and the Way Forward - Arpita Mukherjee and Tanu M GoyalServices Trade Restrictiveness Index, Methodology and Application: The Indian Context - Hildegunn Kyvik NordåsPART E: TRADE FACILITATIONInterpreting Trade Facilitation Indices Towards a Smooth Regional Trade in Asia-Pacific - Yann Duval, Biswajit Nag and Yuhua ZhangAssessing Linkages between Trade Costs and Trade Flows: Applications of Gravity Model - Prabir de and Durairaj KumarasamyPART F: ANALYSIS AND MODELLING OF TRADE BARRIERSModelling Non-tariff Measures in RTAs - Rajan Sudesh RatnaNon-tariff Barriers on Auto-components′ Exports: Application of Select Indices - Debashis Chakraborty, Julien Chaisse and Zaki HussainPART G: PARTIAL AND GENERAL EQUILIBRIUM MODELLING TECHNIQUESImplication of Tariff Reduction Through Partial Simulation Using Smart: An Analysis of India’s Import of Passenger Vehicles from Japan and Germany - Biswajit Nag and Pratiksha ChaturvediGravity Model of International Trade: Understanding the Underlying Dynamics - Zaki Hussain and Biswajit NagUse of Computable General Equilibrium Model in Trade Research: An Application of GTAP Model on India–ASEAN Trade - Chandrima SikdarAdvances in Global CGE Modelling and Trade Policy Formulations: Some Issues - G Badri NarayananConclusion: Trade Analytic Tools: For Whose Benefits? - Debashis Chakraborty and Biswajit NagIndex

This book’s lasting achievements may lie not in highlighting the trade theories and their real-world complexities. Instead, the authors have used required analytical tools and techniques to explore many policy objectives. It takes many of the themes and then turns them into a strong narrative and powerful argument. The students of economics and management programmes cannot escape such empirical insights.