India’s Trade, Investment, and Industrial Policies: A Macro Assessment Testimony before the United States International Trade Commission

February 12, 2014

From Subramanian’s testimony:

“A key policy conclusion is that the concerns of sectoral interests should not obscure the broader and medium-run developments in policies and trade outcomes which have been positive. Given the potential for further integration, as India’s growth revives, the shared security and strategic interests in Asia between the U.S. and India, and the likelihood of political change in India, the focus should be on building a framework that can address frictions and revive cooperation more broadly. Moving toward an eventual free trade agreement can provide such a framework.”

India's Trade Investment Policies: A Macro Assessment (slides)

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