{"id":219032,"date":"2022-12-19T18:57:42","date_gmt":"2022-12-19T13:27:42","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=219032"},"modified":"2022-12-19T18:57:42","modified_gmt":"2022-12-19T13:27:42","slug":"a-low-tariff-regime-can-do-india-a-world-of-good","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-low-tariff-regime-can-do-india-a-world-of-good\/","title":{"rendered":"A low-tariff regime can do India a world of good"},"content":{"rendered":"\n

Source<\/strong>: The post is based on the article\u00a0\u201cA low-tariff regime can do India a world of good\u201d <\/strong>published in the Livemint <\/b>on 19th<\/sup>\u00a0November 2022<\/strong>.<\/p>\n

Syllabus<\/strong>: GS \u2013 3 \u2013 Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.<\/p>\n

Relevance<\/strong>: About challenges faced by the Indian economy.<\/p>\n

News<\/strong>: The deputy managing director of the International Monetary Fund<\/a><\/strong> has said that a global need to diversify purchases had generated interest in India in other words \u201cThe world is looking at India as a destination for investment.\u201d<\/p>\n

What are some major remarks of the IMF deputy manager on the Indian economy?<\/h5>\n

There is a global demand weakness<\/strong> as imminent and tighter financial conditions<\/strong> as a potential trouble. The risks of supply over-reliance on China<\/strong> gain salience globally.<\/p>\n

-Indian exports are showing signs of slowing down and dearer dollar debt has drawn capital out of the country and hit the rupee.<\/p>\n

-Smartphone factories are improving in India due to production-linked incentives for manufacturers. Further, private funds have also started coming into other industries. However, their performance is too small for job generation<\/strong> and remains as a challenge in the trajectory of India\u2019s economic growth<\/strong>.<\/p>\n

–Retrospective taxation, rejections of foreign dispute settlements<\/strong> and a revenue-sharing clutter in telecom have created a bad reputation<\/strong>.<\/p>\n

–Land acquisition has not eased<\/strong> and India’s labour market stands with great gender imbalance<\/strong>.<\/p>\n

What should India do to boost its economy at the global level?<\/h5>\n

As global-scale manufacturing today tends to span multiple borders hence integration with supply chains<\/strong> is crucial.<\/p>\n

Indian policymakers are keen to establish India as a factory for the world. But it is still a steep ambition, and achieving it will need well-rounded policy alignment<\/strong>.<\/p>\n

The government has cut taxes for new ventures <\/strong>and sought to slash red-tape and eased tax remission<\/strong> for exporters. A lower-tariff regime<\/strong> will also push local producers to generally get more competitive.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article\u00a0\u201cA low-tariff regime can do India a world of good\u201d published in the Livemint on 19th\u00a0November 2022. Syllabus: GS \u2013 3 \u2013 Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Relevance: About challenges faced by the Indian economy. News: The deputy managing… Continue reading A low-tariff regime can do India a world of good<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10501],"class_list":["post-219032","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704892707},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/219032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=219032"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/219032\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=219032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=219032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=219032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}