Empirical Analysis of Modern Trends in Trade between Georgia and India
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The article reviews the empirical statistical aspects of trade relations between Georgia and India during 1995-2016, for which the relevant time periods are used. Ranking of Georgian trade partner countries was carried out according to whole trade turnover, as well as export volume and import volume of goods and established India's ordinary position. The nature and direction of the overall trading turnover as well as the trends of export and import tendencies have been identified. In the process of the analysis, both absolute and relative indicators were calculated. The export and import volumes in 1995-2016 are also considered according to commodity groups and the first five of the largest commodity groups are drawn in both directions. Finally, the increase of India’s role as an important trading partner for Georgia is shown.
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