Under an umbrella of economic reforms and look east policy, India’s trade and investment relations with ASEAN bloc has been growing rapidly. It is in this context, this paper aims to analyze India’s trade potential and prospects with ASEAN bloc, by using RCA and intensity of trade index. RCA is calculated at 2-digit level mentioned in SITC revision-2 for the period 2001 to 2018 and trade intensity from 1991 to 2018. It is found from the study that India enjoys comparative advantage in exporting meat and edible meat, cotton, pharmaceutical products, cereals, salt, organic and inorganic chemicals, precious stones, etc to ASEAN and importing silk, vegetable products, tanning, dyeing, wood, papers, printed books, iron, zinc, etc from ASEAN. With this high value of RCA, India can diversify its trade basket, increase volume of trade, extend market and maintain its competitive in product. India has to maintain its specialization in products along with it have to develop specialization in other products. India has intensity of trade with ASEAN. India’s export as well as import intensity with ASEAN is greater than 1 for all the years (1995-2018). India has strong trade potential and prospects with ASEAN.

KEYWORDS:  Potential, Comparative Advantage, Trade Specialization, Intensity.