Make in India: Which Exports Can Drive the Next Wave of Growth?

By Rahul Anand, Kalpana Kochhar, Saurabh Mishra

May 29, 2015

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Rahul Anand, Kalpana Kochhar, and Saurabh Mishra. Make in India: Which Exports Can Drive the Next Wave of Growth?, (USA: International Monetary Fund, 2015) accessed December 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Structural transformation depends not only on how much countries export but also on what they export and with whom they trade. This paper breaks new ground in analyzing India’s exports by the technological content, quality, sophistication, and complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the border; (2) further liberalization of FDI including through simplification of regulations and procedures; (3) improving infrastructure including in urban areas to enhance manufacturing and services in cities; (4) preparing labor resources (skills) and markets (flexibility) for the technological progress that will shape jobs in the years ahead; and (5) creating an enabling environment for innovation and entrepreneurship to draw the economy into higher productivity activities.

Subject: Comparative advantage, Economic sectors, Exports, International trade, Manufacturing, National accounts, Personal income, Service exports

Keywords: Asia and Pacific, Comparative advantage, East Asia, Export basket, Export product, Exports, Global, Growth, India, Indian export, Innovations, Manufacturing, Merchandise export, Middle East, Network map, Network map of merchandise export, Personal income, Product space, Product space network, Service export sophistication, Service exports, Service exports exhibit, Services, Space network map of merchandise export, Trade, Vis-a-vis peer EMs, WP

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/119
Stock No:

WPIEA2015119
ISBN:

9781513597393
ISSN:

1018-5941

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