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

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India's Encounter with the Silk Road

Exploring the evolution of the Silk Road and its connection with India, brings out the dynamics of cross-cultural relation between India and the rest of the Silk Road countries in a historical perspective. What is the present symbolism of the Silk Road for India vis-a-vis other countries?

Jagdish Bhagwati and India's Trade Strategy Today

Going It Alone: The Case for Relaxed Reciprocity in Freeing Trade by Jagdish Bhagwati; MIT Press, 2002; pp 592 (Hardcover), $ 60.

Customs Tariff Reform

Contrary to the claims of successive finance ministers, the Customs tariff remains highly complicated after more than a decade of supposed reforms since 1991. There are too many rates still, apart from some specific rates, innumerable exemptions, numerous conditions and lists. A reform agenda for the 2003-04 Budget.

Trade and Monetary Regionalism

There has been a marked tendency to treat trade and monetary regionalism independently and scant attention has been paid to the connections between the two. The conventional wisdom has been that trade integration must precede monetary integration. However, this 'trade-first' sequencing has recently come under scrutiny in Latin America and particularly in east Asia, which is actively considering if and how intra-regional monetary cooperation might be enhanced in parallel with ongoing steps towards trade integration. There are in fact some good reasons to question the 'trade-first' conventional wisdom.

Balanced Growth and Foreign Trade

This paper attempts to establish a link between the maximum attainable rate of growth and the foreign trade sector for the Indian economy in the framework of the balanced growth model. Using six input-output tables, the paper finds that the exports and the imports of the economy would have to rise manifold, for the economy to achieve the technologically given maximum rate of growth. The paper also identifies the 'exportable' and the 'importable' sectors for the Indian economy.
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