Agriculture has been ‘completely left out’ ? The WTO inter alia has the AoA, SPS, TBT & TRIPS, which directly (negatively) impact small-farm agriculture in the Global South! The farmers are not any more freer with ‘free trade’.
Part of the credit for high growth during the earlier phase of UPA goes to a surge in exports. For the last four years, these have been stagnant at about $ 300 billion a year; the pain reduced because the oil import bill fell substantially. One reason India is turning protectionist is our economy is becoming less globally competitive. That requires to be redressed, identifying each element – power, for example, where costs are high or roads, where quality is poor – that needs to be worked on. Without more trade and deeper integration with the global economy, including manufacturing chains that weave their way through our neighbours to the east, high economic growth will prove unattainable.
Agriculture has been ‘completely left out’ ? The WTO inter alia has the AoA, SPS, TBT & TRIPS, which directly (negatively) impact small-farm agriculture in the Global South! The farmers are not any more freer with ‘free trade’.
Part of the credit for high growth during the earlier phase of UPA goes to a surge in exports. For the last four years, these have been stagnant at about $ 300 billion a year; the pain reduced because the oil import bill fell substantially. One reason India is turning protectionist is our economy is becoming less globally competitive. That requires to be redressed, identifying each element – power, for example, where costs are high or roads, where quality is poor – that needs to be worked on. Without more trade and deeper integration with the global economy, including manufacturing chains that weave their way through our neighbours to the east, high economic growth will prove unattainable.