Saon Ray, senior fellow at ICRIER, commented on the NDA government’s decision in recent years to hike import tariffs on many goods. She pointed out that many imports are actually intermediate goods which are then used in manufacture and export of finished products. An increase in tariff on such goods would hurt Indian’s competitiveness, she […]
A comparison of automobile industries in India and China by Smita Miglani & Saon Ray The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently from that of other developing countries, especially China. In […]
What explains India’s poor performance in garment exports? by Saon Ray India has been losing its share of the world garment trade over time – it went down from 6% in 2013 to 3.5% in 2016. This article examines the Indian garment industry based on a survey of garment manufacturers in India. It discusses the […]
India’s insurance sector: Challenges and opportunities Kuntala Bandyopadhyay | Saon Ray | Vasundhara Thakur While India’s insurance sector has been growing dynamically in recent years, its share in the global insurance market remains abysmally low. This article traces the journey of the Indian insurance sector, and underlines issues such as low penetration and density rates, […]
Global Value Chains and the Missing Links: Cases from Indian Industry by Saon Ray (Author), Smita Miglani (Author) Global value chains (GVCs) are fraught with the phenomenon of fragmentation and dispersion of production across the world. India presents a unique example with its high potential in manufacturing capability but low integration in GVCs. This book […]
Low Carbon Pathways for Growth in India (India Studies in Business and Economics) by Rajat Kathuria(Editor), Saon Ray(Editor), Kuntala Bandyopadhyay(Editor) This book explores ways in which India can negotiate the low carbon path up until 2030, when it is expected to be the largest economy after the US and China. It comprehensively reviews the low climate […]
Impact of American Investment in India: A Socioeconomic Assessment by Saon Ray (Author), Smita Miglani (Author), Neha Malik (Author) India’s economic growth story in the past decade has invited a keen participation by the global investors, manifest in the increasing foreign direct investment flows to India especially, since the mid-2000s. Rise in the direct global inflows has ensured considerable direct […]