Has India Decoupled From the G7?

We examine the decoupling hypothesis for India from the G7 during 1996Q2–2024Q3. Using the correlation coefficient, Euclidean distance-based decoupling index, and OLS regression, we find: (1) evidence of incomplete decoupling; (2) India cannot be completely decoupled from the G7; (3) India shows strong coupling with Canada and the US; (4) the decoupling hypothesis is rejected except for Italy; and (5) decoupling has increased in the aftermath of the GFC.

Authors

Institutions

Publication Details

Journal
Asian Economics Letters
Published
2026-02-23
DOI
https://doi.org/10.46557/001c.155414
Primary Topic
Monetary Policy and Economic Impact
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Has India Decoupled From the G7?

Rakesh Padhan
Asian Economics Letters
Monetary Policy and Economic Impact
article

Has India Decoupled From the G7?

Rakesh Padhan
article en

Abstract

We examine the decoupling hypothesis for India from the G7 during 1996Q2–2024Q3. Using the correlation coefficient, Euclidean distance-based decoupling index, and OLS regression, we find: (1) evidence of incomplete decoupling; (2) India cannot be completely decoupled from the G7; (3) India shows strong coupling with Canada and the US; (4) the decoupling hypothesis is rejected except for Italy; and (5) decoupling has increased in the aftermath of the GFC.

Asian Economics LettersVol. 7(1)
Indian Institute of Technology Roorkee (IN)
Openalex Percentile: Top 51%
Monetary Policy and Economic Impact
DOIOpen Access PDFOpenAlex
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Has India Decoupled From the G7? — Rakesh Padhan · Asian Economics Letters (2026) | TGRS Research Map | TGRS