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N° 2003-09 |
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| August |
| India in the World Economy: Traditional
Specialisations and Technology Niches |
Sophie Chauvin
Françoise Lemoine |
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| Despite reforms undertaken since the beginning
of the 90's, India remains one the most closed of Asian countries and characterised
by a shallow integration in the world economy. This can be attributed to several
factors. The belated opening up policy explains partially why India's foreign
trade lags behind. Up to now, barriers to trade have remained high and structural
factors have dampened the rise of competitive industries and the attractiveness
of India for FDI. Moreover, India's narrow manufacturing industry, as well as
its geographic location which holds it apart from dynamic regional integration
processes, have not help its specialisation. Exports are still highly dominated
by labour intensive products characterised by a slow growing international demand
and protected markets. Nevertheless, the development of new sectors, with high
human capital intensity, is less restrained by domestic constraints and allows
India to make a breakthrough on dynamic niches. |
Abstract |
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| India, Trade policy, Specialisation, Foreign
Direct Investment |
Keywords |
| O53, F13, F14, F21 |
JEL classification |
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