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

Articles By Ram Singh

Is India’s Agricultural Export Policy Ambiguous?

The agricultural export policy was announced in 2018 to transform the ecosystem of India’s agricultural exports. However, the country’s agricultural exports have faced several policy-induced restrictions. This article explores the ambiguities in the policy by citing empirical data on trade policy instruments used for export restrictions.

Foreign Trade Policy 2023

The Government of India came up with a new Foreign Trade Policy 2023 with an ambitious export target of $2 trillion by 2030. Against this backdrop, the paper appraises the key features of the new FTP, including the analysis of revamped schemes like focus on e-commerce exports, anchoring districts as export hubs, simplifying policy framework for dual-use material, and enhancing focus on trade facilitation. Elucidating each chapter of the FTP, it concludes that the policy remains below the expectations of the trade community and suggests key areas of improvement for this ever-evolving and responsive FTP.

National Medical Devices Policy, 2023

The union government introduced the National Medical Devices Policy, 2023 to augment the capacity, capabilities and competence of the domestic medical devices manufacturing industry. However, the policy has many lacunae and missing links, which could undermine the aims to foster a strong domestic medical devices manufacturing. There is a need for reform, in line with the existing policy initiatives and to constitute a separate law and regulatory body for the industry. The policy needs to enhance the accessibility by changing the existing procurement system for the public health sector. It further needs to scale up domestic manufacturing capabilities, through production-linked incentives, to ensure affordable medical devices for all citizens.

‘Minimum Export Price’ Caps on Agricultural Exports

The policymakers in India have constantly endeavoured to promote agricultural exports; however, certain agricultural products have been subject to extensive use of export restrictions as well. In this context, the article attempts to appraise the various trade policy instruments with special reference to “minimum export price” and examine how it has become a redundant trade policy tool. The case of onions is used to elucidate the exorbitant misuse of MEP by unscrupulous business fi rms and suggests a road map for policy reforms. Agriculture has been an integral part of the Indian economy for centuries. Despite the rapid growth of other sectors, it continues to be the primary source of livelihood for a majority of the country’s population (Mathur et al 2006). India is the world’s second largest producer and 10th largest exporter of agricultural products. With available production surplus in key agricultural products, the Government of

Container Crisis and High Freight Costs

The COVID-19 pandemic and subsequent worldwide lockdown(s) have adversely affected the functioning of global supply chains. The restrictions on navigation of vessels across the global supply chains resulted in acute shortages of the containers, subsequently escalating ocean freight rates. High freight rates have severely affected India’s exports competitiveness in the global markets. The crisis has exposed the lacklustre approach of the government in dealing with container shortages, leading to skyrocketing freight rates.