Category Insights

Insights, a blog published by IMPRI.

India Needs to Energize Manufacturing

If the Indian economy has an Achilles’ heel, it is the country’s manufacturing sector. Despite rapid economic growth since pro-market reforms began in 1991, the share of manufacturing in India’s gross domestic product has remained stubbornly low, at about 15 per cent. (In China, it has been about 30 per cent in recent years.) Indian growth has been driven by services, most famously in information technology.

Economic Cooperation and Trade Agreement (ECTA) between India & Australia: An Illustration of A New Beginning

India’s decision to focus on balanced economic agreements, which include a wide set of areas and not just merchandise trade, with key economic and strategic partners reflects India’s much stronger geoeconomic and geostrategic position and confidence in its ability to pursue India’s national interests. India is carefully choosing its partners for economic agreements (the media description of them as free trade agreements is misleading and inaccurate and reflects old thinking).

Data Issue in the Government’s Affidavit on Demonetization

The attempt is to divert attention from demonetization’s failure to achieve its then-stated goals by claiming that this step was a part of a wider policy framework. While a few statements in the affidavit are supported by some data, most of the statements are of a general nature without concrete data supporting them.

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