India Business & Trade - July, 2019
COVER STORY
RCEP – BEFORE THE LAST LEAP
The RCEP deal is expected to precipitate a flood of goods imports into India, without commensurate gains in exports. India must act with caution before entering into this agreement.
“Metals & capital goods should be out of FTAs”
Mr. Yatinder Suri, MD & Country Head, Outokumpu India, opines that there should be a level playing field for all regions of the world.
PERSPECTIVES
ALUMINIUM INDUSTRY – DYING A SLOW DEATH
The government must address the sector’s structural faults before it is too late.
TIME TO TREAT THE ‘DRAGON DEFICIT’
With China’s market opening up for drug imports, it is a good time for India’s pharma industry to capitalize.
MUCH MORE TO REVIEW BEYOND GSP
A spirit of reciprocity needs to be honoured by the US in trade talks with India.
BREAKING THE VICIOUS SUBSIDY CYCLE
Instead of relying on ‘fire-fighting’ subsidies, India needs to boost long term competitiveness.
RATE CUTS AN INADEQUATE DEFENCE
With savings rate on decline and banks in a limbo, cutting rates by RBI won’t be enough.
H-1B – THE WRONG BARGAINING CHIP
The Trump administration would be well advised to further liberalise the H-1B visa programme.
LOGISTICS – FROM BARRIER TO CATALYST
The future of logistics depends on development of support systems & adaptability of service providers
INDIA-UKRAINE – THE BALANCING ACT
CATR analyses product categories where India needs to negotiate tariff reductions with Ukraine
FOCUS PRODUCT: RMG
GETTING BACK TO THE DRAWING BOARD
Despite China’s declining competitiveness, India has been unable to grow its market share in garments, and risks inviting further turmoil unless urgent measures are taken.
“India must diversify its apparel basket”
Mr Rahul Mehta, President, Clothing Manufacturers Association of India talks about strategies to boost India’s position in global apparel trade.
FOCUS: COFFEE
REJUVENATING THE INDIAN COFFEE STORY
Despite the rise in out-of-home coffee drinking culture, the Indian market offers huge untapped potential.
FOCUS COUNTRY: MEXICO
INDIA’S NEW CROWN JEWEL IN LATIN AMERICA?
Mexico has emerged as India’s largest trade partner in Latin America. However, India’s trade deficit is quite high and tariffs remain a significant barrier.
CATR DATA MINING
India’s engineering exports reached a record high of US$ 81 billion during 2018-19. The government aims to raise engineering exports to US$ 200 billion by 2025.
