Economic Studies
After Withdrawing from RCEP What Next?

… should other members of RCEP be more accommodative towards India’s needs, and signal their willingness to discuss a win-win deal for India, that should be welcome ... the decision to join should be based primarily on whether it can significantly contribute to doubling India’s exports in the next five years, ... whether we can keep our imports within manageable limits, and whether it will be possible to integrate RCEP within our domestic reform process ...

Priority issues for India in External Trade

Four broad concerns capture the current context surrounding India’s external trade. First is our sluggish export performance for the last several years owing to global slowdown and also due to our declining competitiveness. With a share of 1.65 per cent in world goods exports today, India ranks 19th among all countries that is way below its size or GDP. India’s merchandise imports has also gone past US$ 500 billion now. The trade deficit at US$ 176 billion in 2018-19 as a result is over 50 per cent of exports. The need for a strong push for manufacturing exports is compelling.

Impact of Global Economy on Geopolitics - Implications for India

A Panel Discussion at the Vivekananda International Foundation (VIF) was organized on December 11, 2018, on the subject of ‘Impact of Global Economy on Geopolitics: Implications for India’. The panel comprised of eminent economists - Dr Arvind Virmani and Mr TN Ninan - and former senior diplomats - Ambassador Kanwal Sibal and Ambassador Ashok Kantha. The discussion deliberated on many issues and raised many salient points, as described in the following paragraphs. Rising Inequality and Failure of Globalization

Panel Discussion on Economy

The Vivekananda International Foundation (VIF) organized a panel discussion on economy with Dr Roger Moser and Mr S. Gurumurthy on 15th November 2018. Dr Roger Moser is currently an Assistant Professor and the Director of Asia Connect Center at the University of St. Gallen (Switzerland). Mr S. Gurumurthy is an eminent Indian political and economic analyst and also the Chairman of the VIF. The discussion was attended by many prominent Indian strategic and economic experts. After a short welcome address by Dr Arvind Gupta, Director, VIF, the panel discussion commenced with Dr Roger Moser.

Vimarsha: ‘State of the Economy: India and the World’, A Talk by Shri S. Gurumurthy, Chairman, VIF

Shri S Gurumutrthy, Member, Board of Governors, Reserve Bank of India (RBI), and Chairman, Vivekananda International Foundation (VIF), delivered an insightful talk on ‘The State of Economy: India and the World’ under the aegis of Vimarsha on 15 Nov 2018.

A Political Economic Approach to Reclaiming India

For 70 years, governance and administration of India has been guided by left-leaning economists fed on western precepts of the subcontinent's history and culture. A new generation of policy-makers call this myopic and are ready for a repositioning of the past and a reassessment of the future.

Round Table Discussion on ‘India-China Trade’

The Vivekananda International Foundation (VIF) organised a round table discussion on ‘India-China Trade’, the discussion being presided over by Dr Arvind Gupta, Director, VIF. Dr Rajiv Kumar, Vice Chairman, National Institution for Transforming India (NITI) Ayog, Dr Surjit Bhalla, Member, PM's Economic Advisory Council and Dr Sanjaya Baru, author and economist, made the initial presentations. This was followed by a discussion on India-China trade. The discussion focused on understanding the adverse balance of trade, what it means for India and how to address it.

‘The Growth Delusion: Wealth, Poverty and the Wellbeing of Nations’, by David Pilling, Tim Duggan Books, 2018, Pages: 304, Price: $ 16.45, ISBN: 9780525572503

Business Standard reported on August 16 that “India’s GDP (is) expected to grow at 7.4% in FY19”;1 to the general population this statement brings in a wave of optimism regarding not just the economy of the country but also a sense of progress in the well-being of the people of India. It gives away a vibe of progress that is so general in its scope that it’s difficult to ascertain what this growth rate actually means. It’s against such blind optimism that David Pilling writes “The Growth Delusion”.

Round Table Dialogue on Economic Survey and Union Budget

The Vivekananda International Foundation (VIF) organised a round table dialogue (RTD) on 12 February 2018, to discuss the Economic Survey 2017-18, and the Union Budget 2018-19. The panel comprised of eminent economists Dr Surjeet Bhalla (Member, Prime Minister’s Economic Advisory Council), Mr Rathin Roy (Director, National Institute of Public Finance and Policy, NIPFP) and Dr Rajiv Kumar (Vice Chairperson, Niti Aayog).

Talk by Professor Umberto Sulpasso on 'Gross Domestic Knowledge Product' in the context of India

The Vivekananda International Foundation organized a talk by Professor Umberto Sulpasso on 18 December 2017 on Global Domestic Knowledge Product (GDKP) and its significance to India. The other panellists were Dr Rajiv Kumar (Vice-Chairman, NITI Aayog), Mr Tanmoy Chakraborty (Senior Vice President, Tata Consultancy Services) and Ambassador KP Fabian. Some of the salient points raised are enumerated below. Role of GDKP

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