By Peter Drysdale India is a very large labour-abundant economy with a rapidly growing workforce and its manufacturing sector might be expected to be the primary driver of its economic growth. In fact, the manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining, as recent OECD analysis points … Continue reading
By Garima Sharma Negotiations toward a major trade agreement between India and its largest trading partner, the EU, seem to be back on track. Broad structural and political reforms, however, will likely be needed in India for an agreement to stick. The long-pending Free Trade Agreement (FTA) between Indian and the European Union is now … Continue reading
By Alok Sheel A visionary new leader, Narendra Modi, has recently come to power in India. He seeks to realise India’s huge growth potential and make it a major global player. This has generated enormous optimism nationally, and internationally, about an Indian resurgence. What challenges must India overcome to achieve this? There is a broad consensus … Continue reading