Macroeconomic Policy, Trade & Competitiveness
Trump 2.0 and the Asean Dilemma...
US trade policy may compel Asean economies towards deeper ties
...
India’s Textile and Apparel Sector Story...
The global apparel industry is extremely competitive and characterised by low margins. Buyers frequently switch suppliers to secure better prices,...
India Must Infuse Flexibility in Policy Amid Shifting Global Trade...
India needs to develop a better understanding of the evolving dynamics of global trade institutions and trade rules among its trade negotiators...
Cautious Outlook...
There is reasonable uncertainty about stronger private consumer and business demand on the domestic front with a visible slowdown abroad. The...
Rising Bank Credit Highlights Financing Strain as Non-Bank Flows Decline...
The sharp growth in bank credit shares reflects a devolvement of the growing deficit in non-bank resource flows, especially foreign....
Review Inflation Target: Should Food be Excluded From RBI’s Measure?...
It is not only the inflation targeting framework, but all monetary policy frameworks are also based on the principle that persistent inflation is a...
Promoting FDI From China: Some Issues...
Five important points worth further reflection with respect to the Economic Survey suggestion to promote FDI from China...
Leveraging Global Value Chains is Key to India’s Economic Prosperity...
To better leverage the potential gains from shifting GVCs, India must improve its trade openness and trade policy predictability....
A Trade Policy for Viksit Bharat: Let’s Reduce Tariffs and Rethink Pacts...
India needs to resolve internal differences over self-reliance and revise import tariffs in line with those of other emerging market economies. The...
Inflation Targeting Without Food is no Solution...
While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management...
Global Trade Trends and Budget Initiatives...
The Budget signals a move towards a more open trade policy, but further broadening and deepening are essential, writes Amita Batra....
A Call for Greater Focus on Revenue Side...
The government must strategically expand the fiscal space to face any exogenous shocks....
Monetary Policy in a Tight Spot...
In an economy that displays signs of growth anxiety, the RBI has been adroit in managing expectations. However, if the growth outcome turns out slower...
How to pack for India’s Journey to 2047...
The transition to a Viksit Bharat will extend over the next two decades, and the list of reforms needed to achieve the objective is bound to be long....
What Differentiates Successful GVCs: Lessons for India...
If India wants to use GVCs to strengthen its export flows, it will have to liberalise the entry of imported goods, specifically inputs/intermediate...
Private Investment: Wait From Intent to Realisation...
The trend seems to be that while optimism fuels initial investment announcements, it frequently fails to overcome practical challenges....
Toward a Durable India-Pakistan Peace: A Roadmap through Trade...
With re-elected governments now in place, the next few months offer some political space for bilateral trade discussions....
Prioritise Deep Trade Agreements...
India's global competitiveness and investment appeal hinge on deep trade agreements....
Find a way...
A shift in policy course, or a modification, is acutely justified by the patchy economic recovery; it is necessary to revive spending without which...
A Monetary and Economic Order Fit for the Twenty-First Century...
If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and...
Sri Lanka & Bangladesh Look East...
The shifting sands of the South Asian trade landscape may be worthy of some serious reflection for India’s regional trade strategy....
Critical Mineral Supply Chains: Trilateral Perspectives from Japan, India...
The Indo-Pacific countries should use their domestic capacities optimally and participate in global supply chains with a diverse range of partner...
Is Cutting UK Taxes Ahead of a General Election Affordable or Not? An...
The possibility of tax cuts in the upcoming budget is being speculated widely in the UK. But can the British economy afford them?...
Ukraine War, Gaza Conflict and Middle East Strikes: It’s Time Businesses...
Vikram Singh Mehta advises businesses to integrate scenario planning into risk management processes to tackle political risk in an increasingly...
Decoding India’s FTA Journey: What does the Future Hold?...
As the global trade policy has moved away from World Trade Organisation (WTO) led multilateralism, towards Regional Trade Agreements, this blog tries...
The Importance of ASEAN for India...
The evolving regional trade context should be the primary guiding factor for the AITIGA review.
...
Interview | Should India-Pakistan Trade Resume?...
Sanjay Kathuria discusses obstacles hindering India-Pakistan trade and explores insights on sensitive lists, solar partnerships, and a USD 37 billion...
A Disconcerting Slowdown: Depressing Consumer Demand Dulls the Shine of...
Private final consumer expenditure (PFCE) growth is estimated tumbling to 4.4% this year from 7.5% in FY23, and one-third its growth rate at the...
Podcast | Trade Ties: Exploring South Asia’s Evolving Geopolitical...
Sanjay Kathuria discusses how the geopolitical competition in South Asia is influencing trade relations and policies of the states engaged in the...
Ensuring the Credibility of India’s GDP Estimates...
Two pressing issues have reignited the debate about the credibility of India’s GDP growth rate....
Interview | A GDP Growth Rate of 7.5% for the Next 10 years is Feasible...
Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission says India needs a better export strategy to take advantage of the...
On a High...
It must be noted that the demand signs are not unqualified. Private consumption, the prime driver for fresh business plans and investments, is not as...
New Creditors, Differing Interests and Coordination Issues are Hobbling...
An IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between 2010 and...
Assessing the Impact of CBAM on EITE Industries in India...
This research specifically focuses on the uncertainties surrounding the potential impact of CBAM on trade-exposed sectors with high energy intensity,...
Interview | Unlocking Africa’s Job Creation Potential: Insights from...
The interview provides valuable insights into the complexities of the African job market and potential pathways to overcome its challenges....
Rekindling Corporate Investment...
To achieve the levels seen in 2008, it is essential to increase corporate productivity, write Shishir Gupta and Rishita Sachdeva....
Interview | Is India the Next Big Economic Power?...
A happy convergence of circumstances and trends have created a perfect launchpad for India’s global economic ambitions. Unless there are some...
Nepal-India Transit Trade Ties Can Unlock Economic Opportunities,...
Nepal and India have renewed their transit trade agreement, improving Nepal's access to Indian sea ports and inland waterways, boosting supply chain...
Trade: A Call to Action for Rapid Growth...
For India to attain high-income status by 2047, it must urgently prioritise trade as the primary driver for achieving accelerated growth. ...
Interview | Tech Import Curb Regressive, Doesn’t Augur Well for Future...
We have to be connected to the Asian supply chain for us to be competitive in manufacturing of laptops, desktops, tablets and other computer...
Interview | Laveesh Bhandari on Manufacturing Competitiveness...
Post-1991 reforms did not achieve intended results, manufacturing competitiveness still a challenge, says Laveesh Bhandari.
...
Why India Needs to Look Beyond Logistics to Improve its Manufacturing...
The government's intent is sensible, and infrastructure does seem to have improved over time. India jumped six places from 44 (2018) to 38 (2023) in...
Locate the Many Indias...
Do not presume the business models that have worked for you elsewhere will be successful in India: Vikram Singh Mehta to potential investors. ...
We Must Incentivise Household Savings for a Fast Economic Growth...
Shishir Gupta and Rishista Sachdeva suggest the need to push for household savings to acheive accelerated growth on a sustained basis....
Our New Trade Policy Must Calm Fears of Rising Import Restrictions...
Trade restrictions may put FTAs and global value chain integration at risk; external imbalances can be addressed with other tools, says Montek Singh...
India Should Adopt Flexible, Interest Based Negotiations, Not Oppose Trade...
If India wants to achieve a growth rate of 7%-plus in the years ahead, it should also aim for a strong export performance. World trade is likely to...
India’s New Growth Recipe: Larger Firms...
Large Indian firms are yet to become global champions. Given the global headwinds, India should focus on improving the competitiveness of these...
View: A more Competitive India Inc can Grow Faster and Bigger, and Capture...
There are, indeed, some green shoots visible, especially on the corporate and export front, which may help accelerate growth in the short run....
India’s New Growth Recipe: Globally Competitive Large Firms...
Shishir Gupta and Rishita Sachdeva analyse growth performance over a period of 26 years to understand the drivers behind India's economic growth....
‘A seed nurtured half a world away’ — What do Utah farms have to do...
UVU’s upcoming conference, “Why it Matters” connects the United Nations with the farmsteads of Utah....
The key to economic recovery that will spur private investment to pick up...
Infrastructure created through programmes such as PM Gati Shakti and the production-linked incentive scheme will allow private investment to pick up...
How US Demand Helped Expand Labour-intensive Manufacturing...
Understanding the US-India trade composition is also important, as the US is the only big trading partner with which we have a trade surplus, says...
India’s Start-ups are on Fire, but Unicorns can’t Automatically Spur...
Economic miracles only happen when globally competitive firms tap into external demand, says Shishir Gupta. ...
The Trade Policy India Needs...
Integration with global value chains will require a rethink of our high and uncertain tariffs as well as bolder trade alliances, say Montek Singh...
FTA with the UK can Weave Magic...
An FTA with the UK can help recover ground lost to Bangladesh on textile exports because of its LDC status, say Abhishek Kumar and Divya Srinivasan. ...
Asia and the Changing Global Economy: Rebuilding Growth Potential...
Asia and the Changing Global Economy: Rebuilding Growth Potential, authored by Anoop Singh, looks at fundamental issues from several perspectives in...
Free Trade Agreements are Leading to More Imports Than Exports | Interview...
Montek Singh Ahluwalia discusses Atmanirbhar Bharat, Russia - Ukraine crises and many more in an interview with the New Indian Express. ...
Union Budget 2022-23: Key Takeaways by CSEP Scholars...
Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on February 1. CSEP scholars Rakesh Mohan, Montek Singh Ahluwalia, Vikram Singh...
Enough of the Old ‘Level Playing Field’ Argument. Reduce Trade...
Data from the IMF's October 2021 World Economic Outlook reveals that India's real exports growth moves in tandem with the growth in global real...
Interview: How the 1991 reforms were announced...
30 years ago on July 24 1991, Dr Manmohan Singh presented his historic budget when India made a definite break with the past....
The US must play champion of open world trade again...
Among the needed reforms is a trade agenda that removes US President Joe Biden’s predecessor Donald Trump’s protectionist measures...
A third-generation strategy for accelerated growth and development...
Indian economy is in trouble once again and it is time to usher in a third generation of economic reforms....
America’s economic resurgence and the sting in its tail...
The surprisingly strong recovery in the US, whose economic expansion is outpacing the world’s as well as that of emerging markets...
Interview | India’s 1991 liberalisation leap and lessons for today...
The reforms were hugely successful but a lot remains to be done, Montek Singh Ahluwalia tells The Hindu...
From 1991, the lessons for the India of 2021...
As India grapples with a post-pandemic economic crisis, there are lessons from thirty years ago on what to reform and how....
A third-generation strategy for accelerated growth and development in...
The third generation of economic reforms must direct attention to improving the government’s own competence, at all levels....
Sustainable and inclusive growth in South Asia...
On November 4, 2019, Brookings India hosted the International Monetary Fund (IMF) for a panel discussion around reforms based on inclusive and...
Moving India to a new growth trajectory: Need for a comprehensive big push...
The paper discusses the need to focus attention on the primacy of growth as a policy objective, to eliminate poverty and achieve upper-middle income...
The debate over jobs in India is missing the point...
As nearly a billion Indians go to the polls this month and next, no one doubts jobs will be central to their vote. We just can’t agree on...
Product space analysis and industrial policy: Identifying potential...
This paper explains the basic concepts of product space analysis and works with the data provided by the Atlas of Economic Complexity that reflect...
India’s model bilateral investment treaty: Are we too risk averse?...
India’s decision to adopt a new Model Bilateral Investment Treaty (BIT) especially in light of the growing debate on how to reconcile investment...
Indian monetary policy in the time of inflation targeting and...
This paper provides a narrative of Indian monetary policy since the North Atlantic Financial Crisis (NAFC) in the mid-2008 till the current period....
Manufacturing jobs: Implications for productivity and inequality...
Declining shares of manufacturing jobs in overall employment have been a concern for policymakers for years in advanced and some developing economies....
Is inflation dead? Development Seminar challenges conventional wisdom on...
Inflation in the U.S. has averaged 1.9 per cent between 1996 and 2009 while mean inflation rate in 21 advanced economies (AE), excluding the U.S., has...
WTO and food stock holding row: Why India must strengthen world body...
WTO’s 11th Ministerial Meeting ended on December 13 in Argentina, without any negotiated agreement on substantive issues. The Ministerial...
World Bank’s league table: India makes it to the top 100 nation for...
Pop the champagne and pass the mithai for it is, indeed, the epoch of belief, the season of light in the world’s largest democracy. After...
Demonetisation: A year after India killed cash, here’s what we can...
Almost a year ago, the Indian government rolled out an unprecedented policy move. Arguably, it was a time when the country was poised for economic...
‘H-1B is an important but small issue in India-US trade’...
It is unfortunate that the entire focus of India-US bilateral trade has come down to discussing the H-1B visa issue, said Harsha Vardhana Singh,...
Putting industrial policy experience to use...
The department of industrial policy and promotion (DIPP) has released a substantive discussion paper on industrial policy which identifies several key...
TPPs for success: Here is how India can use this gamechanger agreement...
Three years ago, when the Trans Pacific Partnership (TPP) was seen as a game-changer in the evolving international trade regulatory regime, there was...
TPP and India: Lessons for Future Gains...
Until 2015, the Trans Pacific Partnership (TPP) was seen as a game-changer in the evolving international trade regulatory regime. It was evident, as...
Working Paper: Trade Policy Reform in India Since 1991...
SUMMARY: This paper discusses India’s trade policy reform since 1991, providing quantitative information and qualitative insights regarding the...
Demonetisation: Effect on interest rates, inflation and policy action...
Dr. Shamika Ravi (Senior Fellow, Brookings India) and Dr. Eswar Prasad (Senior Fellow, Brookings Institution) participated in a debate about the...
Shamika Ravi on implications on govt’s demonetisation move...
Speaking about Prime Minister Narendra Modi’s announcement to demonitise Rs 1000 and Rs 500 notes, Senior Fellow Shamika Ravi in this Facebook...
Demonetization is a net positive move...
Scaling back large bills will not end crime, but it will force the underground economy to employ riskier methods In a special broadcast on 8 November,...
Over the barrel: A swadeshi index...
World Bank rankings on ease of doing business ignore the complexity of the Indian landscape. An indigenous framework is needed. WAS IT A mistake for...
Indian economy set to soar irrespective of PM Narendra Modi’s...
The caveats are many. But there are compelling reasons to believe that the economy will slowly but surely pick up momentum writes Vikram Mehta There...
How Make in India can be bad news for trade deal with Australia...
Brookings India Chairman Vikram S Mehta explains the reason for tensions over India’s trade and manufacturing policy. In a story in the...
Marginal revolutions from Budget 2016...
There are numerous small announcements in finance minister Arun Jaitley’s budget that must be lauded comments Shamika Ravi Most television...
Interview Transcript | Growth over Prudence? Dr. Rakesh Mohan on CNBC...
Dr. Rakesh Mohan, Distinguished Fellow at Brookings India, insists that the government keep up public investment in a credible and transparent...
Subir Gokarn signs off addressing four broad economic themes...
A change in roles means that this will be the last column of this series. Looking back over the almost three years of “Muddy Waters”, I...
India-Africa trade and investment: A backdrop...
Trade Relations There are three elements to India’s trade relations with Africa – increasing the volume of imports and exports between...
VIDEO: 7% GDP suggests economy not recovering with domestic investments...
Subir Gokarn pushes for government reforms in infrastructure and ease of doing business This interview first appeared on ET Now on 31 August 2015....
VIDEO Yuan depreciation: India needs to protect domestic producers...
Subir Gokarn says our ability to withstand shocks is greater than it was three years ago Watch his full interview on CNBC Awaaz here What is your...
Re-starting infrastructure...
While the government has taken several steps in the right direction, these measures do not add up to a credible strategy to re-start infrastructure....
Rainfall and the economy...
The first forecast for the south-west monsoon this year caused concern. It projected aggregate rainfall during the June-September period to be 93 per...
The great oil circle...
Oil prices have played a huge part in global economicdynamics over the past several years. They rose sharply in the couple of years leading up to the...
Having your cake…...
We are told early in life that we cannot both have our cake and eat it, too. Of course, this is taught to us before we take our first economics...
Tipping points and Goldilocks conditions...
This column first appeared in Business Standard, on December 28, 2014. Like other products of the Brookings Institution India Center, this is...
Enjoying the capital flows ride...
This column first appeared in Business Standard, on December 13, 2014. Like other products of the Brookings Institution India Center, this is...
The Main Thing…...
This column first appeared in Business Standard, on December 14, 2014 . Like other products of the Brookings Institution India Center, this is...
A five-year baseline scenario...
This column first appeared in Business Standard, on October 20, 2014. Like other products of the Brookings Institution India Center, this is...
Global Silver Linings...
This column first appeared in Business Standard, on September 21, 2014. Like other products of the Brookings Institution India Center, this is...
Explaining Expectations...
Contemporary monetary policy is based on two fundamental premises. One, when inflation is above an acceptable level because of demand-side...
Five fiscal fixes...
High on the government’s priorities should be to gain control over the fiscal situation. Between the Budget for 2014-15 to be presented next...
Walking the line between demographic dividend and disaster...
The dominant factor that will determine whether India evolves into a middle-income nation over the next few decades is the country’s ability to...
Thirsty, hungry and sick...
The second volume of the Intergovernmental Panel on Climate Change’s (IPCC’s) Fifth Assessment Report was published on March 31. This...
Bang for the Buck...
Capital efficiency is a critical determinant of how companies perform. Return on capital employed, which measures the surplus available to the...
A national agenda – hopefully!...
Frankly, I think we spend too much time and effort analysing the numbers presented by the interim Budget. At its core, the process simply involves...
Infra bottlenecks will dilute potential benefits of weak rupee: Subir...
Subir Gokarn: The earlier assessment was made at a time when the rupee had not depreciated. It is obviously showing signs of stability, importantly...
Dimming of brand India...
We have messed up the present. Can we still recover the future? We are in the midst of a severe economic crisis. Our macroeconomic indices are...
Seminar
10
Jan
2025
11:00 AM
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12:30 PM (IST)
CSEP Auditorium
Seminar
16
Jan
2025
11:00 AM
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01:00 PM (IST)
CSEP Auditorium
Trump 2.0 and the Asean Dilemma
Declining shares of manufacturing jobs in overall employment have been a concern for policymakers for years in advanced and some developing economies. This concern stems from the widely held belief that manufacturing plays a unique role as a catalyst for productivity growth and income convergence and a source of well-paid jobs for less-skilled workers. Economist Bertrand Gruss from the International Monetary Fund (IMF) presented his findings on manufacturing activity and employment since the 1970s at a Brookings India Development Seminar on April 23, 2018. Economists Montek Singh Ahluwalia and Ajit Ranade then discussed his findings, while economist and Chairman of […]
The Centre for Social and Economic Progress (CSEP) is an independent, public policy think tank with a mandate to conduct research and analysis on critical issues facing India and the world and help shape policies that advance sustainable growth and development.