Sunday, November 13, 2016

World Bank Study - a report titled "South Asia's Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse" and suggested a set of policy actions in four sectors. -- agribusiness, apparel, electronics and automotive. It expects India , in other words, to frame policies to reduce farm subsidies and cut import tariffs on cars and take steps to improve ports and logistics as an export powerhouse.

Reduction of farm subsidy is a major issue which needs thorough analysis before effecting it inasmuch as even the developed economies in the world find it difficult to resort to it despite pressure from global trade organisations including World Bank. Cutting of import tariffs on cars is easier said than done in view of the limitations expected in car population for some more time.

Well the improvement of ports and logistics is the need of the hour and lot of attention is required at the earliest in this direction.
+++++++++

No comments:

Post a Comment