“…Previous literature has primarily focused on whether regionalism promotes or undermines the multilateral trading system underpinned by the basic principles of WTO (Baldwin, 2008; Bhagwati, 1992; Pomfret, 2021). Moreover, a few studies have investigated India’s individual RTAs with ASEAN (Banik & Kim, 2020; Kipgen, 2020; Nambiar & Balasubramaniam, 2016; Sikdar & Nag, 2011), European Union (Khorana & Narayanan, 2017; Khorana & Perdikis, 2010), Bangladesh (Kim et al, 2014; Siriwardana & Yang, 2007), South Korea (John, 2020), Japan (Bhattacharyay & Mukhopadhyay, 2015), and the Gulf Cooperation Council (Ismail & Ahmed, 2019).…”