India’s Trade Policy in the 21st Century

This book analyzes India's trade policy evolution in the last two decades, focusing on its limited share of global merchandise trade, low GVC integration, and comparative context with regional economies. It examines policy developments in traditional trade measures, SEZs, RTAs/FTAs, and investment treaties. Three sectoral case studies are presented to examine India's participation in GVC-intensive sectors.

Format: Paperback / softback
Length: 180 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

This comprehensive book delves into India's trade policy evolution over the past two decades, placing it within the broader context of global trade trends and patterns. It specifically examines the emergence of global value chains (GVCs) and their impact on India's trade landscape. By conducting an in-depth analysis of India's trade policy during the 2000s, the author sheds light on the country's limited participation in global merchandise trade, particularly in manufacturing and low integration into GVCs.

The book explores India's trade policy, patterns, and global trade participation not only in the comparative context of China, as is common in analyses related to the Indian economy, economic reforms, and trade liberalization, but also in the context of regional economies such as Vietnam, Thailand, Malaysia, Bangladesh, and other emerging market economies (EMEs) that have successfully integrated with GVCs/regional value chains (RVCs) during the period under review. It evaluates India's progress and nature of value chain participation relative to other economies.

Furthermore, the book examines policy developments related to traditional trade measures like tariffs and export schemes, trade and GVC-related policies in special economic zones. It also delves into GVC-facilitating policy instruments such as regional/free trading agreements (RTAs/FTAs) and investment treaties. Three sectoral case studies—automobiles, textiles, and apparel, and electronics—are presented to examine India's participation in these dynamic GVC-intensive sectors.

This important study of one of the fastest-growing economies in the world for nearly two decades holds significant interest for academics and policymakers in the fields of Economics, International Economics, Foreign Policy, Economic Relations, Economic Diplomacy, Indian-Southeast/East Asian Economics. It provides valuable insights into India's trade strategies, challenges, and opportunities in the global economy.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367755478