Why new government should embrace global markets

Source: indianexpress.com indianexpress.com

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Even as the newly-elected government begins the quest for a Viksit Bharat, here is some trade policy counsel, entirely gratuitous, without provocation and with a dose of abundant humility. The period immediately after a General Election is good for breakthrough policy, and if there is an area that needs one, it is trade. For, without an increase in trade, India will be unable to emulate the successes of its East Asian neighbours and without heightened competitiveness, it will be unable to trade. The Global Financial Crisis of 2008, the Euro Zone struggles of 2010 and the economic downturn as a...