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0172-4665252. USA- CHINA Tariff war has taken down global growth, disrupted trading arrangements and production systems and, injected uncertainty into the already fragile global environment and weakend investor sentiment.
Issues Hindering India from becoming an Export Powerhouse:-
• Higher costs and lower incentives.
• India lags in competitiveness. India (Rank 58) rank below China (28) in World Economic Forum’s Global Competitiveness Rankings, 2018.
• Land and Labour Reforms are still pending, hindering large-scale investments in export sectors.
• In World Bank’s Logistics performance index, 2018, India ranks 44, below china (26) and Vietnam (39).
• India is highly regulated market. Under World Bank’s doing Business rankings, India ranks 77, compared with China at 46 and Vietnam at 69.
• India’s slow progress in drafting trade agreements impacts its ability to participate in global value chains, affecting export growth.
India must proactively address these concerns.