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OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

Challenges and opportunities of India’s enhanced participation in the global economy

India is becoming a key player in the global economy. It performs well in exporting information and technology services, pharmaceuticals and petroleum products. India’s large diaspora is well integrated abroad, helping to develop new export markets and facilitate the transfer of technology and know-how. India could perform better in some domains. These include labour-intensive manufacturing exports and foreign direct investment. Better performance in these areas would boost job creation and thus make growth more inclusive. It would require improving further infrastructure, in particular transport and energy provision, modernising product market regulations, developing skills, and reconsidering barriers to trade and investment. OECD simulations suggest that India would be a major beneficiary were barriers to trade and investment be reduced multilaterally. In the absence of a multilateral agreement, the economy would also gain from a unilateral liberalisation of trade and investment.

This Working Paper relates to the 2019 OECD Economic Survey of India

http://www.oecd.org/economy/india-economic-snapshot/

English

Keywords: trade, migration, globalisation, simulations, India, foreign direct investment
JEL: F21: International Economics / International Factor Movements and International Business / International Investment; Long-term Capital Movements; F17: International Economics / Trade / Trade: Forecasting and Simulation; F62: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Macroeconomic Impacts; F6: International Economics / Economic Impacts of Globalization; F22: International Economics / International Factor Movements and International Business / International Migration; F1: International Economics / Trade; F66: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Labor; F13: International Economics / Trade / Trade Policy; International Trade Organizations
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