The controversy over signing the India-ASEAN FTA has not dampened the enthusiasm of the UPA government for pursuing free trade agreements with other countries. Apart from the trade negotiations with the EU, the government is juggling with the possibility of entering into free trade agreements with quite a few countries and groupings. At present India is looking at the possibility of entering into FTA negotiations with Australia. Moving fast, a...
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Surprisingly good news by Ashok V Desai
India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...
More »Free trade deals to push up cost of medicines by Savita Varma
The bilateral free trade agreements (FTAs) India is negotiating with japan and the European Union (EU) can lead to a sharp rise in the cost of medicines, a network of civil society groups has warned. The FTAs are discussed outside the parameters of equitable international trade endorsed by the World Trade Organisation (WTO). Through them, developed countries often impose higher levels of intellectual property protection for medicines than those mandated...
More »Kerala fights clock in ASEAN free-trade deal by Ranjit Devraj
Southern Kerala state is known for the lush expanses of cardamom, pepper, tea and rubber that grow on its misty hills, and the bountiful catches of fish on a coastline punctuated by lagoons and backwaters. But a cloud in the form of a a free trade deal with the Association of Southeast Asian Nations (ASEAN) bloc hovers over this picture of plenty. With the Indo-ASEAN Free Trade Agreement (FTA) now...
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Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
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