Macroeconomic Policy, Trade & Competitiveness
Is it Time to Recalibrate Protectionism? The Case of the Indian Steel...
This study aims to investigate the impact of a reduction in steel tariffs on the Indian economy, particularly unpacking its effect on the GDP,...
Competitive Steel, Competitive India...
This study attempts to answer the following pivotal questions: How do we know if the Indian steel sector’s laurels are due to competitive strengths...
Are Quality Control Orders Disrupting India’s Supply Chain? Evidence...
This blog examines how quality control orders affect chemical-using firms and manufacturing supply chains, with particular attention to differences...
Quality Control Orders in India’s Chemical Sector: Supply-Chain...
The paper focuses on chemical-using firms to analyse the impact of QCOs on regulated inputs and outputs, and their effects on firms’ gross value...
India’s Inflation, 2019–2024: Food Shocks and Inflation Targeting...
The paper serves as a critical examination of the flexible inflation targeting (FIT) framework’s resilience in a climate-vulnerable, food-dependent...
Why Resilience Must Become a Macro Financial Asset Class?...
Today, resilience is still treated as a defensive cost—a technical fix to protect a bridge, or a line item to reduce damage. What is missing is a...
Letting the Elephant Dance: Unlocking India’s US$500 Billion Export...
India can significantly expand its goods exports without compromising the gains made in the services sector through tariff rationalisation, stricter...
Rebalancing India’s Trade Policy: From Protection to Competitiveness...
Measures like QCOs have impacted both domestic producers and importers, thus necessitating a detailed assessment of the existing import policies and...
The Hidden Cost of Cesses and Surcharges for Indian States...
Kritima Bhapta writes about the Hidden Cost of Cesses and Surcharges for Indian States and how there is more to it than what meets the eye. ...
Assessing India’s Trade Performance: Pathways to Strategic and Deeper...
This paper discusses the key challenges facing the Indian manufacturing sector, with particular emphasis on its import protection policies and...
India–EU Free Trade Agreement: Promising in Scope, Limited in Regulatory...
The India–EU Free Trade Agreement (FTA) is being described as one of the most comprehensive and ambitious trade agreements India has negotiated so...
Fiscal Federalism: What Recent Policy Shifts Mean for This Evolving...
This blog by Tanvi Vipra and Shruti Gupta focuses on how recent laws reduce the amount of revenue available that is shared with states, and increases...
Climate Shocks, Food, and Inflation: Time to Rethink Macroeconomic...
This blog has been adopted from Renu Kohli “Climate Shocks, Food Supply, and Prices: Do We Need to Rethink Macroeconomic Policies?” CSEP Working...
Climate Shocks, Food Supply, and Prices: Do We Need to Rethink...
The paper examines the convergence of recent climate shocks, which have created a unique and protracted inflationary episode, thus posing difficult...
India’s Quality Control Orders: Understanding Key Trends...
A key challenge in evaluating QCOs has been the lack of systematic mapping between QCO regulations and their corresponding Harmonized System (HS)...
Decoding India’s Quality Control Orders...
This paper examines the impact of QCOs on India’s exports and imports for the affected products, drawing on insights from industry stakeholder...
India’s Auto Paradox: Competitive, Capable, but Still Circling the Home...
India remains a marginal player in global automobile exports. While its cars are affordable and capable, they do not reach far-flung markets. This...
Servicification of Manufacturing: India’s Potential and Policy...
The paper examines the potential impact of servicification on employment in India’s manufacturing sector, with empirical analysis to show a positive...
The $23 Billion Gap: How India Lost Japan’s Capital...
There is gap highlights how rapidly Japanese capital can shift toward business-friendly environments and how India’s policy frictions can undermine...
Closing the Gap: How India Can Revive Japanese Investment...
To win back Japanese capital, India must pursue a policy agenda that addresses the specific regulatory friction and supply chain challenges that drove...
Understanding the Importance of Trade Integration for India’s Green...
Examining India’s current position in the global green goods market, its comparative advantages, and its tariff policies provides a good starting...
Evolving Contours of Global Trade and the Way Forward for India...
Based on an analysis of evolving global trade contours, this paper delineates key trade policy measures for India. ...
Why is India Struggling With Manufacturing Competitiveness?...
This paper examines the core issues that have prevented India from achieving manufacturing competitiveness and suggests policy priorities to overcome...
The Hidden Layers of Protection in India’s Import Policy...
Since 2020, the government has also introduced sector-specific production-linked incentive (PLI) schemes to drive manufacturing growth further....
Will Consumption Revive? Understanding its Slowdown and Potential for...
This paper investigates the persistent slowdown in India’s private consumption expenditure, examining the underlying factors and exploring prospects...
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...
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...
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...
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,...
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....
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...
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...
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...
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...
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...
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...
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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.