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India’s trade ties with the UK and EU

As EU and Indian leaders meet in Delhi, we look at the figures on trade. The UK’s place in the relationship warrants special attention. EU-India trade has more than tripled since 2000, but UK-India trade is largely static. The shift is especially noticeable for EU exports to India, where the UK share has dropped from 29% to 10%.

By: Maria Demertzis and Alexander Roth Topic: European Macroeconomics & Governance, Global Economics & Governance Date: October 6, 2017
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Blog Post

Long-term growth potential, or dead in the long run?

By linking growth with both employment and the imperative for India to hold its own with China for strategic autonomy, Prime Minister Modi has brought sustainable, high quality, inclusive economic growth to the centre of political discussion, which is where it rightfully belongs.

By: Suman Bery Topic: Global Economics & Governance Date: October 5, 2017
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Opinion

Engagement in a time of turbulence

The arrival of China as an increasingly significant setter of global standards may be uncomfortable for India but is near-inevitable and needs to be planned for.

By: Suman Bery Topic: Global Economics & Governance Date: July 5, 2017
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Blog Post

Demonetisation: India’s stress test

What were the reasons for the Indian government's sudden decision to remove 86% of hard currency from circulation? Will Modi's monetary intervention achieve its stated aim of fighting corruption? And what will be the wider implications for growth?

By: Suman Bery Topic: Global Economics & Governance Date: January 30, 2017
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India’s economic journey: why should Europe care?

Which political and economic policy domains link India and Europe? Which key issues, challenges and debates are engaging the Modi government half-way through its five-year term? This post sets the scene for periodic posts on strategic dimensions of relations between India and Europe now and into the future.

By: Suman Bery Topic: Global Economics & Governance Date: October 24, 2016
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Why have export-oriented units in India failed to deliver?

In 1980, the Export Oriented Unit (EOU) Scheme was launched in India to boost exports and increase production. Though a number of provisions and exemptions including both fiscal and non-fiscal incentives have been extended to the Scheme to achieve the desired goal, the performance of EOUs has been far from satisfactory, particularly in the past few years. Therefore, it is time for a relook at the EOU Scheme for export promotions in context of report on performance of EOU Scheme by the Comptroller and Auditor General (CAG) of India. This issue is pertinent in the context of India’s declining exports and rising trade deficit.

By: Niloptal Goswami and Pravakar Sahoo Topic: Global Economics & Governance Date: October 22, 2016
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Opening of the Indian economy to foreign investors: opportunities for Europe

The latest changes in foreign direct investment norms in India have made entry and control of foreign investors in a lot of sectors easier.

By: Pravakar Sahoo Topic: Global Economics & Governance Date: October 22, 2016
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Blog Post

Goods and services tax: Landmark tax reforms in India

The complicated tax system in India with multiple rates is one of the most difficult issues investors and industry face. The new uniform tax rate aims to attract investors as well as create lower tax burdens for manufacturing firms and final consumers in India. However, a successful implementation of the goods and services tax (GST) will require an efficient IT infrastructure and capacity building of the entire tax administration.

By: Pravakar Sahoo Topic: Global Economics & Governance Date: October 7, 2016
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Blog Post

Can the EU-India Free Trade Agreement be revived?

India and the EU must adopt a flexible approach, and iron out differences on crucial issues, to ensure that the India-EU FTA becomes a reality.

By: Geethanjali Nataraj Topic: Global Economics & Governance Date: June 27, 2016
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Blog Post

India must push forward with RCEP trade deal

Negotiations on a trade agreement between the Association of Southeast Asian Nations (ASEAN) and their free trade partners could have major implications for the world economy.

By: Geethanjali Nataraj Topic: Global Economics & Governance Date: June 1, 2016
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Blog Post

The global trade slowdown puzzle

What’s at stake: This week’s data renewed concerns about developments in global trade as it showed for the last 6 months the biggest contraction in global trade since the end of the financial crisis. While cyclical factors may be at play, trade specialists have also advanced a host of structural explanations to explain the decline in the trade elasticity, ranging from a shift in the composition of trade to limits in the fragmentation of world production.

By: Jérémie Cohen-Setton and Bruegel Topic: Global Economics & Governance Date: August 31, 2015
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Opinion

The rolling global crisis will come home

When productivity growth slows down, there are two choices: to invest in the future or to live within one’s means. Instead, policymakers preoccupied with short-term goals have sought easy growth elixirs and soothing words.

By: Ashoka Mody and Bruegel Topic: Global Economics & Governance Date: August 26, 2015
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