Dr. Devesh Aggarwal, Dr. Sarla, Dr. Sonal Gupta
Abstract:
India and Thailand have always been a very good companion in terms of international trade, culture, lifestyle etc. which makes both the countries to have good bilateral relationship. This research explains the bilateral relationship between India and Thailand. Secondary data is used in the study in two bifurcated parts i.e., 2002-03 to 2011-12 and 2012-13 to 2021-22. The major objective of this paper is to analyse the trade between two decades of both the countries and identify the opportunities of trade in future. Some statistical tests like mean, standard deviation, skewness etc. are calculated for both the decades with the help of SPSS (Statistical Package for Social Sciences) software. It has been noticed that the India' total trade with Thailand in the year 2002-03 was 527604.37 lakhs rupees and increased up to 11251954.59 lakhs rupees in 2021-22, it shows there is very much potential to increase the trade in future. This study explains about the imports and exports of India with Thailand and compares the performance of both between the two decades. It is also concluded in the study that there is rising trend and huge potential of trade between India and Thailand.
