Context- India’s External Affairs Minister believes that the economic growth that has accrued from globalization is not a good enough outcome for India. What are the views of External Affairs Minister on globalization and trade pacts? Trade pacts and globalization have allowed other countries ‘unfair’ trade and manufacturing advantages “in the name of openness”. The effect of past… Continue reading Trade openness and globalization
Tag: ECO_3
FTA’s and its significance
Context: India’s External Affairs Minister recently disapproved of free trade and globalisation. Contents1 Background:2 What were the rational arguments given by the government to walk away from RCEP?3 How good is India in emphasising trade openness?4 Why FTAs are significant for Indian economy? Background: On November 15,15 countries of the Asia-Pacific region signed the Regional… Continue reading FTA’s and its significance
Lessons from Vietnam and Bangladesh
Context: Learning through the success stories of Vietnam and Bangladesh More in News Bangladesh has become the second largest apparel exporter after China. Vietnam’s exports in apparel sector has grown by about 240% in the past eight years. Vietnam’s success stories Duty free exports: Signing of Free Trade Agreements (FTAs) with important trading partners like… Continue reading Lessons from Vietnam and Bangladesh
Virtual Global Investor Roundtable (VGIR) for Foreign Investment in India
Context- Prime Minister has chaired the Virtual Global Investor Roundtable (VGIR), with an aim to attract investment. Contents1 What Virtual Global Investor Roundtable (VGIR) 2020 conference?2 Key highlights of the conference-3 What are the challenges for revival of investment?4 Possible solutions What Virtual Global Investor Roundtable (VGIR) 2020 conference? It is an exclusive dialogue between leading global institutional investors,… Continue reading Virtual Global Investor Roundtable (VGIR) for Foreign Investment in India
How the US economy and its policy choices likely to affect India
Context: How a Biden presidency likely to benefit India’s economy More in News “In a democracy, someone who fails to get elected to office can always console himself with the thought that there was something not quite fair about it”-Thucydides 431 BC. What is the Significance of U.S to India’s Economy? Trade: India enjoys a trade… Continue reading How the US economy and its policy choices likely to affect India
