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Make in India: Which Exports Can Drive the Next Wave of Growth?
Author:
Rahul Anand
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Ms. Kalpana Kochhar
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Mr. Saurabh Mishra null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 119
Language:
English
Publication Date:
29 May 2015
DOI:
https://doi.org/10.5089/9781513597393.001
ISBN:
9781513597393
ISSN:
1018-5941
Pages:
65
Keywords:
WP; product space; export basket; service export sophistication; export product; Indian export; merchandise export; service exports exhibit; India; Exports; Manufacturing; Services; Growth; Trade; Innovations; product space network; vis-a-vis peer EMs; network map; network map of merchandise export; space network map of merchandise export; Service exports; Comparative advantage; Personal income; Global; East Asia; Middle East; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund