The Impact of India-ASEAN Free Trade Agreement on Trade flows: An Application of Augmented Gravity Model

This study investigates the impact of the India-ASEAN Free Trade Agreement (FTA) on bilateral trade flows through an augmented gravity model. Employing panel data from 1990 to 2022 with 330 observations, the analysis incorporates key determinants such as GDP and population of India and ASEAN countries, tariff rates, geographic distance, historical ties, and levels of democracy, trade openness, and globalization.