India’s steel industry faces disadvantages due to FTAs with Japan and South Korea despite being the most cost competitive among major global steel producers. It is important for the government to renegotiate the FTAs with provisions to curb excess imports. India’s overall merchandise trade deficit with major RTA/FTA partners has...
India’s decision to exclude itself from RCEP, at least for now, is aimed at protecting itself from a potential surge in imports, especially China. Nevertheless, it is also true that India cannot pull back on its business association with RCEP countries, as they are integral to the future of global trade,...
India’s concerns on possible rise in trade deficit with RCEP participation are understandable, but it should consider other ways of engaging with the value chains of East and Southeast Asia, besides enhancing its own attractiveness as a business destination. India’s concerns on joining the RCEP primarily stem from experiences of...
Jishnu Hazra, Professor IIM Bangalore, feels that Indian companies must take inspiration from the rise of South Korean and Chinese companies in the mobile handset space on their quest to be globally competitive in manufacturing. It is important to move from the traditional mindsets of buying and selling to creating...
Even as its economy copes with the COVID-19 led recession, South Korean companies are eager to expand the scale and scope of their investments in India. • With second quarter GDP declining by 3.3% from the previous quarter, the South Korean economy seems to entered a technical recession for the...
Strengthening India’s backward linkages in global value chains is critical to improve domestic value addition, especially in high-end manufactured products. Similarly, India’s forward integration is weak with developed markets like US and EU, an issue that needs to be urgently addressed. • Global value chains bring a plethora of opportunities,...
Republic of Korea acquires sixth position in the list of India’s top import source countries, with a share of 3.42% in its total imports, valuing at US$ 12.21 billion in 2016. Altogether, there is a hope of gaining a lot from India-Korea engagement at a political and economic level. The...
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