Question

Describe trends in India's trade with SAARC countries and evaluate it's impact on india's growth?

Answer 1

Answer:

There isn’t much impact of SAARC on the Indian economy. During SAARC meetings, the main importance is on issues of terrorism.

Major political factors are responsible for the impact of SAARC on Indian economy. Clashes between India and Pakistan can badly affect the Indian economy. India is a major importer of Chinese products but today demand for Chinese products has reduced due to political clashes within the country.