India-Argentina Trade Relations: What India Needs to Focus on

Abstract

The decline in India’s exports has made our current account deficit position precarious due to the slowdown in the economy of conventional export market like North American Free Trade Agreement (NAFTA) nations and European Union (EU). This paper attempts to explore the emerging economy and unconventional market of Argentina for boosting Indian exports. China has superseded USA in Latin American market by providing and supplying price competitive goods and adopting modern marketing strategies. India’s low value-added products, unable to make their place in developed countries’ economies, can comfortably be absorbed in Argentina. India needs to produce high value-added products for the upper middle class of Argentina but for lower middle classes price competitive products are required.