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An Analysis of India-Uzbekistan Trade Prospects

Vol 10 , Issue 2 , July - December 2023 | Pages: 138-150 | Perspective  

 
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https://doi.org/10.17492/jpi.focus.v10i2.1022307

Published Online: December 15, 2023


Author Details ( * ) denotes Corresponding author

1. * Navjot Kaur, Assistant Professor, P.G. Department of Economics, Khalsa College Amritsar, Amritsar, Punjab, India (navjot.sukhmani@gmail.com)

Uzbekistan is resource rich, strategically located country that provides wide range of trade and investment opportunities for India. The total trade turnover between the two countries in 2019 was $355.5 million which is much below the coveted target of USD 1 billion. Pharmaceuticals, textile, automotive industry, information technology, infrastructure, education and tourism are the main areas where the two countries can collaborate successfully. Being a part of its extended neighbour, India must play a proactive role in Uzbekistan as well as in other countries of Central Asia, so as to secure its economic, political and strategic interests.

Keywords

Trade Turnover; Strategic Area; Energy Security; Bilateral Trade; Land Locked

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