Value chains have altered global trade: Yes Bank
The Dollar Business Bureau Yes Bank on Monday released its second report on India's structural trade dynamics which underscored that value chains have changed the face of global trade in recent times. Cross country inter-linkages have increased much more than the growth in volume trade. It has allowed developing and emerging economies to integrate with global markets. Trade has seen amazing growth with production being outsourced, driven by the economic rationale of comparative advantage with benefits of cost reduction and productivity enhancement. From this global perspective, India’s share in global export of intermediates at less than 2% (as of 2014) indicates its limited integration in global value chains. However, India trades the most with its global peers in intermediates. As such, it becomes interesting to ...
India Inc. gives Modi government 8/10 in ASSOCHAM survey
Broad economic parameters like GDP, services, exports, and trade deficit are doing well, say corporate leaders The Dollar Business Bureau | @TheDollarBiz Soucre: Prime Minister office In a survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) last week, top corporate leaders have given a ranking of 8/10 to the Narendra Modi led NDA government about a week ahead of its completion of 100 days in office. About 357 top industry leaders participated in the survey. Most of them said that the new government has a business-friendly approach and there is a strong focus on accountability. While 78% of the participants said that there is a positive change in the perception among the global and domestic investors about India, ...
Prohibitive logistics costs, red tapism hurting Indias export competitiveness: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz The Associated Chambers of Commerce and Industry of India (ASSOCHAM) says that India need not wait for the trade facilitation agreement to improve its “under-performing” trade logistics and reduce red tapism -- two parameters that hurt the nation’s export competitiveness. A study conducted by ASSOCHAM, “Transports and Logistics in India”, reveals that India is poorly placed among Asian peers when it comes to exports. The shipping cost of export from India (about $1,200 per container) is almost double that from China (about $600 per container) and about three times that from Singapore (about $400 per container), it says. “A high level of logistics costs could affect India’s competitiveness, particularly for the products of ...
