Publication

This paper traces the process of trade policymaking in India from the 1950s to 2004. The author argues that while trade policymaking in India has been perceived as ill-conceived in the past due to a largely protectionist environment, the road ahead for India is to engage more progressively in trading not only at a bilateral level with countries such as China and Japan, but also multilaterally, with all ASEAN constituents. At the multilateral level, India's primary concern would be agriculture and services while at the same time, it would continue the process of reform and liberalization by opening up foreign direct investment (FDI) in more sectors, including retail, real estate and infrastructure.