Keywords
Abstract
AIFTA (ASEAN India Free Trade Agreement) was India’s first agreement with a regional grouping which also happens to be one of the most important groupings in world trade. AIFTA became operational in the year 2010 after several rounds of negotiations. The paper attempts a systematic review of impact assessment studies done in the context of AIFTA. An attempt is undertaken to understand the research methodological processes used in these studies and identification of gap in the current literature. The paper concludes that there is no conclusive evidence to show that the agreement has benefitted India or disadvantaged it and most of the studies conducted so far are more focussed on the sector specific advantage/ disadvantage for India. The future is bright and with the conclusion of the agreement on trade in services, India has much more to look forward to with regards to AIFTA.
