BUSINESS
Declining US-India goods trade calls for diversifying the trade basket
Hitting the $500 billion trade target will be difficult with over-reliance on a handful of sectors for the bulk of our trade. India must roll back tariff increases, reduce local manufacturing mandates, and ease price controls that hinder trade, while the US must re-authorise the Generalized System of Preferences (GSP) programme and review tariffs on Indian steel and alumnium imports
BUSINESS
G20: India’s Presidency kept key conversations going in a polarised world
All things considered, India has navigated a tumultuous landscape to charter a successful G20 presidency. India strived hard to ensure the Ukrainian crisis and climate finance didn’t disrupt deliberations between the world’s biggest economies, prioritised Global South viewpoints, and even managed a host of “soft” financial outcomes
BUSINESS
Modi's Visit to US: Go big on commercial ties. There’s shared prosperity waiting, China lurking
There are too many areas where US-India trade ties have great room for expansion. Instead of focusing only on strategic sectors, the June 22 summit must ensure that the entirety of the commercial sectors have expanded opportunities in each other’s markets. It will further economic prosperity and counter China’s economic heft
BUSINESS
The template for discom reform is improving thanks to more state governments gaining confidence
With top-down reform from the Centre having only limited impact and given the political realities, the evolving model of state-led discom privatisation should be studied, improved, and adopted more broadly across India. Voters have shown more acceptance of recent models: Managing consumers and employee unions is key
