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India: Trade Policy Review

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  • V. N. Balasubramanyam

Abstract

The review of India's trade policy by the WTO, the third of its kind, is in three parts: the report by the WTO secretariat, a statement by the government of India and minutes of the discussion of the report by the trade policy review board. The review provides detailed information not only on India's trade and foreign investment policies but also an analytical review of India's export and economic performance. The review notes that India has made considerable progress with the liberalisation of its trade and investment regime, but it has a long way to go if it were to achieve a growth rate of eight to nine per cent, the stated objective of the policy makers. This paper, drawing upon the material in the report, analyses India's growth prospects and endorses the broad conclusions of the report.

Suggested Citation

  • V. N. Balasubramanyam, 2003. "India: Trade Policy Review," The World Economy, Wiley Blackwell, vol. 26(9), pages 1357-1368, September.
    • Handle: RePEc:bla:worlde:v:26:y:2003:i:9:p:1357-1368
    DOI: 10.1046/j.1467-9701.2003.00577.x
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    References listed on IDEAS

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    1. Gaurav Datt & Martin Ravallion, 2002. "Is India's Economic Growth Leaving the Poor Behind?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 89-108, Summer.
    2. David Greenaway & David Sapsford, 1994. "What does liberalisation do for exports and growth?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(1), pages 152-174, March.
    3. International Monetary Fund, 2002. "India: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2002/193, International Monetary Fund.
    4. World Bank, 2000. "India : Policies to Reduce Poverty and Accelerate Sustainable Development," World Bank Publications - Reports 15106, The World Bank Group.
    5. Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
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    Cited by:

    1. Kunal Sen, 2008. "International Trade and Manufacturing Employment Outcomes in India: A Comparative Study," WIDER Working Paper Series RP2008-87, World Institute for Development Economic Research (UNU-WIDER).
    2. Katrak, Homi, 2002. "Does economic liberalisation endanger indigenous technological developments?: An analysis of the Indian experience," Research Policy, Elsevier, vol. 31(1), pages 19-30, January.
    3. Raveendra Chittoor & MB Sarkar & Sougata Ray & Preet S. Aulakh, 2009. "Third-World Copycats to Emerging Multinationals: Institutional Changes and Organizational Transformation in the Indian Pharmaceutical Industry," Organization Science, INFORMS, vol. 20(1), pages 187-205, February.

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