EXAMINING THE CONTEMPORARY TRENDS IN BILATERAL TRADE RELATIONS BETWEEN INDIA AND LAC COUNTRIES

Abstract

India and the gigantic-region of LAC have turned out to be prominent growth markets. The economic as well as trade alliance amidst India and Latin America and the Caribbean countries demonstrates an encouraging atmosphere at the international platform. Both these giant size economies offer a plenty of prudential materials that can nurture solid mutual beneficial trade and investment straps. By capitalizing their specific toughness, India and Latin American as well as Caribbean countries have the endeavor to set up an influential consortium in trade that encourages opulence, comfortability, harmony, and sustainability in a dynamic world. Different LAC countries like Chile, Colombia, and Argentina have executed mutual bilateral merchant agreements with India to encourage international trade transactions. As both regions allocate disparate, merchant complementarity, populist values, society development, and a clear concourse as well as divergence of dividends, there exists substantial prospects in strengthening the international merchant relations between the region of India and the LAC. This paper analyses the recent vogues in bilateral merchant as well as capital investment motions and designates the elementary executive social overhead capital to spot the prime opportunities for expansion.