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Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, , Brookings India is now the Centre for Social and Economic Progress , an independent public policy institution based in India. Following is a concise summary of the paper covering the various aspects of the paper. To download the Complete Working Paper click here. The Finance Minister in his Union Budget speech explicitly stated that trade policy reform was an important part of the economic reform initiated by India in Harsha Vardhana Singh.
India should resist the misleading allure of the domestic market and should zealously boost exports, a All Posts ccording to a research paper co-authored by former chief economic advisor Arvind Subramanian. Will it Work? Further, it said that the consensus to favour an inward orientation was emerging even before COVID had struck India, reflected in increasing calls to Aatmanirbharta or self-reliance. The paper also said that India still enjoys large export opportunities, especially in labour-intensive sectors such as clothing and footwear, but exploiting these opportunities requires more openness and more global integration. Similarly, the prognosis that export prospects are dim because the world is deglobalising is overly pessimistic, the paper pointed out.
India is one of the world's leading producers of tea - 23 per cent share by volume in The tea produced in India is among the finest in the world owing to strong geographical indications, heavy investments in tea processing units, continuous innovation, augmented product mix and strategic market expansion. The West Asian countries are the largest market and accounted for nearly 25 per cent of exports, while the CIS countries accounted for