Publications : All
Topic
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 these concepts, i.e. ease of moving into production and export of another “nearby product”, the consecutive chain of domestic capabilities that can be developed by moving into a ...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 protection with host state’s right to regulate should be welcomed. After foreign investors sued India under different BITs, India realised that broad and vague investment protection standards can be ...Donald Trump’s trade war: A disruptive approach to trade policy
US President Donald Trump has changed the whole landscape of political discourse, especially with respect to trade policy. This began with the exit of the US from the Trans-Pacific Partnership (TPP), and continues with the repeated threats of leaving the North American Free Trade Agreement (NAFTA), explicitly introducing non-trade objectives in trade ...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 Decisions taken are on continuing work in certain areas, and renewal of two previously agreed Decisions which have been reiterated every Ministerial meeting. The negotiations on agriculture, including food stockholding, were blocked by ...Why Donald Trump must grab the opportunity to get US trade policy right
US president Donald Trump’s withdrawal from the Trans Pacific Partnership (TPP) on his first day in office left the TPP highly uncertain. After several attempts to clarify the way ahead, the rest of eleven TPP economies (TPP11) have recently agreed to continue the momentum to conclude the agreement, with some amendments. In ...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 policy aspects, constraints on industrial growth, and a range of objectives and policy targets. The paper provides a basis for the government’s consultations to “formulate an outcome-oriented actionable industrial policy that ...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 some discussion in India on whether the country should join TPP. Given the prevailing political constraints, it was evident that India would find it difficult to accept a number ...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 expressed by India’s Foreign Trade Policy 2015-2020, that it would not be possible for the country to accept the emerging agreement. The future of TPP is now uncertain, with ...Realizing the India-US trade potential
There is significant scope to develop a cooperative India-US trade relationship that expands bilateral economic ties. This is something for US President Donald Trump and Indian Prime Minister Narendra Modi to keep in mind when they meet in a few days from now. Making progress on trade, however, will not be easy. ...Growing the U.S.-India economic relationship: The only way forward
The June 26 White House meeting between Prime Minister Narendra Modi of India and United States President Donald Trump will be an opportunity to reaffirm America’s commitment to deeper bilateral economic ties and to signal support for India, an economic and demographic powerhouse in Asia. While starkly different, the two leaders are ...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 evolution of trade policy in the past 25 years. The Finance Minister in his 1991 Union Budget speech explicitly stated that trade policy reform was an important part of the economic reform initiated by ...Trump’s new trade tax in uncharted territory
The proposed border tax adjustment policy deviates from the conventional WTO-consistent regime. US President Donald Trump is expected to announce his new tax policy, with lower corporate tax and a border tax adjustment (BTA) scheme. In addition to recent Bills pertaining to BTA introduced in the US Congress, the Republican Party’s House ...India is an average low-tariff economy, there are misconceptions otherwise
India is widely known as a country with high import tariffs. This view, however, is incorrect. Changing this view is important for several reasons, both within India and outside. But first, the facts. World Trade Organization estimates of India’s applied most favoured nation (MFN) tariffs, i.e. tariffs applicable in general, are 13.4% ...How Donald Trump may re-negotiate the TPP
In a recent video message, US president-elect Donald Trump announced certain actions he would take on the first day of his administration. On the Trans-Pacific Partnership, he said: “I am going to issue our notification of intent to withdraw from the Trans-Pacific Partnership (TPP), a potential disaster for our country. Instead, we ...Trump’s decision on Trans-Pacific Partnership gives India some...
Trans-Pacific Partnership (TPP) was a landmark trade deal driven by US which spanned 12 Pacific Rim countries, excluding China. It was viewed as President Barack Obama’s strategy to set more ambitious trade rules and preserve US dominance. In keeping with his election promise, President-elect Donald Trump said he would undo TPP on ...