In his latest for the Mint, Niranjan Rajadhyaksha discusses what India's policymakers can learn from other economies in the Asian region to improve economic performance. Excerpts below:
"India is no longer the fastest growing economy in the region. There are eight regional economies that are growing faster than India is at this point in time, including China, Cambodia, Indonesia, Myanmar, the Philippines, Vietnam, Bangladesh and Nepal. This is a diverse bunch of countries with diverse economic structures. The fact that they are all growing faster than India is a hard fact that Indian policymakers should not ignore."
"There is still an opportunity for India to take advantage of the trade war, rather than prematurely throwing in the towel. That will need a policy framework that plugs India into global supply chains, rather than moving back into a protectionist shell."
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