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Six reasons for India to look east

Author: Vikram Nehru, Carnegie Endowment India’s recent growth deceleration highlights a simple truth: the reforms of the 1990s are no longer enough. While the current slowdown is partially cyclical, growth is unlikely to return to above 8 per cent per year without further reform. But India also has a golden opportunity to ‘look east’ and sustain high growth rates for years to come. The reform agenda is long and well understood — India needs to reform its trade, infrastructure, education and labour markets. What is needed now is the will to act.

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Author: Vikram Nehru, Carnegie Endowment India’s recent growth deceleration highlights a simple truth: the reforms of the 1990s are no longer enough. While the current slowdown is partially cyclical, growth is unlikely to return to above 8 per cent per year without further reform. But India also has a golden opportunity to ‘look east’ and sustain high growth rates for years to come. The reform agenda is long and well understood — India needs to reform its trade, infrastructure, education and labour markets. What is needed now is the will to act.

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Six reasons for India to look east

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Asean

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.

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India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on Friday, followed by the 17th ASEAN-India Economic Ministers Consultations on August 29.

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India

RCEP trade deal hits snag over India’s demand

The 16 Asian and Oceanian countries involved in the regionwide RCEP trade deal have decided to delay the conclusion of that deal until next year.

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RCEP negotiations hit a snag as India has grown wary of an expected influx of goods from China, with which the South Asian country runs a massive trade deficit.

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