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RCEP trade agreement: The road not taken?

  • Perspectives

Boosting India’s capital goods’ exports

Union budget 2021-22 has proposed a sharp 34.5% hike in capital expenditure, which is expected to boost the capital goods sector. While the sector has grown since liberalisation, its share in the glob...

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Inequality and trade: Simulation evidence for 54 developing nations

Questions about who benefits from free trade – and at what cost – have resurfaced as part of the backlash against globalisation. This article uses data from 54 low- and middle-income countries to ...

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Import competition, formalisation, and role of contract workers

Given the recent expansion in the participation of developing countries in global trade, it is important to understand the role of trade in the composition of employment in these countries. Analysing ...

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Getting more out of India's 'Tourist Visa on Arrival' scheme

The Government of India has extended the ‘Tourist Visa on Arrival’ scheme - now expected to be renamed ´Visa Online (ETA)´ scheme - from five countries in 2010 to 44 countries in 2014. In this ...

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Boosting Indo-Pak agricultural trade

Despite close geographical proximity of India and Pakistan and implementation of SAFTA almost a decade ago, trade potential between the two countries remains largely unexploited. This column analyses...

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Mega-trading blocs: Where does India stand?

Emerging multilateral trading agreements, resulting in mega-trading blocs, seem to be replacing global negotiations through the WTO. In this article, Sharmila Kantha assesses the potential impact of ...

  • Perspectives

International trade, domestic labour laws and India’s manufacturing sector

India has a multitude of restrictive labour laws and these have been found to adversely affect economic performance of manufacturing firms. This column illustrates how the impact of trade liberalisati...

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Protectionism under the guise of food security

India has backed out of the commitment it made at the WTO negotiations in Bali in November 2013. The implicit explanation is that the government needs to accumulate food grain stocks to provide subsid...

  • Perspectives

India's WTO problem: A proposal

India is threatening to block the WTO Trade Facilitation Agreement unless its agricultural policies are exempted from multilateral scrutiny. This article contends that while India’s objectives on ag...

  • Perspectives

Impact of trade reforms on labour’s share of firm revenues

The decline in labour’s share of national income in recent decades – a potential cause of rising inequality – has coincided with an increase in world trade. This column analyses the impact of tr...

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Turning to the pharmaceutical sector for enhancing India-Pakistan trade

Various efforts have been made to normalise trade relations between India and Pakistan in the past few years; yet, several barriers remain. This column examines the trade potential in pharmaceuticals ...

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Trade as aid

Preferential or duty/quota-free trade access to developing countries, as a form of foreign aid by developed countries, is considered to have both pros and cons. This column analyses data from Banglade...

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An Indian trade paradox

India’s trading partners often complain about the restrictiveness of India’s trade regime. This column argues that they are both right and wrong. While India´s economy is ‘closed’ in terms of...

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Bali conundrum: WTO and Indian agriculture

The outcome of the recent WTO meetings at Bali is a stopgap arrangement, which implies that the Indian government does not have to make any changes in the implementation of the new Food Security Act i...

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Exchange-rate pass-through by Indian and Chinese exporters

The pricing behaviour of exporters in emerging markets confirms that the already well-reported decline in exchange rate sensitivity of import prices is due to export prices becoming more sensitive to ...

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Most Popular Trade Posts

Trade rules in e-commerce: Opportunities and concerns for India

India, which is among the fastest growing markets for e-commerce in the world, submitted a formal document to the WTO in December 2017 opposing any negotiations on trade in the sector. In this post, M...

  • Perspectives

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 ma...

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Trade agreements and their impact on India’s apparel exports

Slow progress of the Doha Round of WTO negotiations has led to a proliferation of regional and bilateral trade agreements, and consequent increase in trade among their members. While India continues t...

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