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Saon Ray
Dr Saon Ray is a Senior Fellow at the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. Her areas of interest include international trade, industrial economics, microeconomics, and applied econometrics. She has worked in the area of trade policy, technology transfer, foreign direct investment, efficiency and productivity of firms, energy and climate change related issues. In particular, she has worked on projects on free trade agreements and trade creation effects, the textile industry, India’s ethanol blending policy, upgradation of firms in the garments industry in India, demand and availability of feedstock for the petrochemical industry, implications of commodity transaction taxes, and the impact of American investment in India. Her recent book Impact of American Investment in India: A Socio-economic Assessment is available at Amazon. She is currently engaged in projects evaluating India’s participation in global value chains, link between climate change adaptation and competitiveness of cities, and low-carbon pathways for growth in India.
She has a Ph.D. in Economics from Jawaharlal Nehru University on the role of intellectual property rights in transferring technology to developing countries.
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A comparison of automobile industries in India and China
The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently from that of other developing countries, especially China. In contrast to China, India has relied much more heavily on domestically-grown lead firms and has hence, benefitted at a slower pace from global best practices.
What explains India’s poor performance in garment exports?
India has been losing its share of the world garment trade over time – it went down from 6% in 2013 to 3.5% in 2016. This article examines the Indian garment industry based on a survey of garment manufacturers in India. It discusses the constraints and nature of competition faced by the industry, and suggests a number of policy changes in order to boost exports.
Indo-Korea trade pact: Harnessing the potential in services
India and Korea signed a Comprehensive Economic Partnership Agreement (CEPA) in 2009, which resulted in an increase of 42% in bilateral trade between 2009-10 and 2012-13. This column examines the CEPA with the objective of identifying potential areas for harnessing services trade between the two countries.
Impact of American FDI in India
The United States is one of India’s largest trade and investment partners. This column discusses the impact of American FDI in India in terms of direct effects such as job creation, exports and technology transfers, as well as indirect effects like spillovers from R&D and adoption of best practices. It also highlights challenges faced by American firms while investing in India.