Barriers in Trade in Financial Services in BRICS Countries with Special Reference to India

The Objective of this paper is to find out the Existing Barriers in Trade in Financial Services based on the commitments made by India in the General Agreement on Trade in Services (GATS), 1998. We have created Mode-wise Index for India and have found that Mode 2 is highly restricted and Mode 3 is less restricted. Also, this paper looked at the barriers placed in practice in BRICS countries and has found that South Africa is most open followed by China, Brazil and Russia. Compared to the barriers placed in practice, India is the most restricted nation among the BRICS countries.

کلیدواژه ها:

financial services ، trade in financial services ، BRICS ، barriers index