ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Pravakar Sahoo

Rising India–China Trade Deficit

India’s trade deficit with China has been continuously increasing over the years and is a major cause for concern to all stakeholders. In this context, India–China trade is analysed in detail to explore the reasons for unbalanced bilateral trade and its implications. Further, the article examines the market access difficulties for India’s exports to China and suggests alternative solutions, including intra-industry trade model with ASEAN countries, to reduce dependency on China.

Investment Behaviour in India

Most of the investment slowdown debates have been around aggregate investment but disaggregate investment institution- and assets-wise may respond heterogeneously with respect to the macroprudential policy measures. The present study explores the investment dynamics at disaggregate level for 2004–19 in the wake of changing economic environment characterised by active utilisation of monetary and fiscal policies, varying monetary transmission effect, economic uncertainty, business environment, and financial pressures either by credit shortfall or debt overhang.

Why Have Export-oriented Units in India Failed to Deliver?

The Export Oriented Unit scheme was launched in 1980 in India to boost exports and increase production. Though a number of provisions and exemptions including fiscal and non-fiscal incentives have been extended to the scheme, the performance of EOUs has been far from satisfactory, particularly in the last few years. If India is to achieve its target of $900 billion exports by 2020, the scheme needs a relook. This is pertinent given India's declining exports.

Time to Review the Special Economic Zones Act

The special economic zones initiative has not been able to take off in India due to a host of factors. The defi ned objectives of promoting investment, exports, forex and overall growth led by higher production of goods and services have failed to materialise. The November 2014 Comptroller and Auditor General report on these zones fi nds that they have cost the exchequer valuable revenue. It is time for the central government to review the SEZ policy framework.