Get ready for an era of growth-fuelling reforms: Arvind Panagariya, Chairman, 16th Finance Commission

With the recognition growing that import substitution through increased tariffs and production subsidies has not been able to produce a significant dent in the overall share of manufacturing in the gross domestic product, we may also see a return to trade liberalisation, including some important free trade agreements, which would give a level playing field to exportable products.

from News-Economic Times https://ift.tt/DVrm6pi