Vol. 6, Issue 2, Part A (2024)

India's economic integration with the Association of Southeast Asian Nations (ASEAN) has played a pivotal role in shaping the region's economic landscape over the past decade. This research review delves into the multifaceted nature of this integration, focusing on key developments between 2010 and 2024. It examines the impact of significant trade agreements such as the ASEAN-India Free Trade Agreement (AIFTA) and explores the implications of India's decision to withdraw from the Regional Comprehensive Economic Partnership (RCEP). The review highlights the substantial growth in bilateral trade and investment, driven by strategic partnerships and initiatives, while also addressing the persistent trade imbalances that have characterized the relationship. Through a comprehensive analysis of data and trends, this article underscores the critical role of sectoral investments, particularly in information technology and pharmaceuticals, in driving economic collaboration. Additionally, the review identifies emerging trends such as digital trade and renewable energy partnerships, which are poised to shape the future trajectory of India-ASEAN relations. By providing a detailed assessment of these dynamics, the article offers valuable insights into the challenges and opportunities that lie ahead, emphasizing the need for more balanced and inclusive economic policies. The findings serve as a crucial resource for policymakers, businesses, and researchers seeking to understand and enhance the economic ties between India and ASEAN in an increasingly interconnected global economy.