Are India's Trade Policies Hurting Its Growth Prospects?
June 25, 2013
The Center for Business and Public Policy at Georgetown University’s McDonough School of Business will present “The Elephant Stumbles? Are India's trade policies hurting its growth prospects?” as part of its Georgetown on the Hill series, which brings the center’s work to Capitol Hill for tutorials on public policy issues.
India’s economy has slowed from a 10-year average of about 8 percent growth to 5 percent growth, and its trade deficit has ballooned to $191 billion. The value of the rupee has tumbled, and foreign investment has fallen 40 percent. Struggling to inject new life into its manufacturing sector and to create jobs, India has adopted protectionist policies that require foreign firms to source inputs locally. At the same time, it is blocking a consensus in the WTO to make ports more efficient and refuses to participate in the international services agreement (TISA) being negotiated by countries representing more than three-quarters of world trade in services. The forum will discuss the role of open trade and investment policies in spurring renewal of India’s economic growth.
• Swaminathan Aiyar, columnist for the Times of India
• Rob Atkinson, president of the Information Technology and Innovation Foundation
• Nelson Cunningham, president of McLarty Associates
• J. Bradford Jensen, professor of international business and economics at Georgetown University’s McDonough School of Business and senior policy scholar at the Georgetown Center for Business and Public Policy
• Chris Moore, senior director for international business policy, the National Association of Manufacturers (NAM)
• Bob Vastine (moderator), senior industry fellow at the Georgetown Center for Business and Public Policy
Follow the discussion on Twitter, #gcbpptrade.
Wednesday, June 26, 2013
12 – 1:30 p.m.
Lunch will be served.
Rayburn House Office Building
Independence Avenue and South Capitol Street
Washington, DC 20003
To RSVP, visit http://gothtrade.eventbrite.com.
Media who are interested in covering the event should contact Teresa Mannix, senior director of communications, at (202) 687-4080 or email@example.com.
About the Georgetown Center for Business and Public Policy
The Georgetown Center for Business and Public Policy is an academic, nonpartisan research center whose mission is to engage scholars, business people, and policymakers in relevant inquiries and dialogue to impact key business, economic, and public policy issues confronting American and international businesses today. Housed at Georgetown University's McDonough School of Business, the Georgetown Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest. Learn more at http://cbpp.georgetown.edu. Follow on Twitter @GeorgetownCBPP
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business provides a transformational education through classroom and experiential learning, preparing students to graduate as principled leaders in service to business and society. Through numerous centers, initiatives, and partnerships, Georgetown McDonough seeks to create a meaningful impact on business practice through both research and teaching. All academic programs provide a global perspective, woven through the undergraduate and graduate curriculum in a way that is unique to Washington, D.C. – the nexus of world business and policy – and to Georgetown University’s connections to global partner organizations and a worldwide alumni network. Founded in 1957, Georgetown McDonough is home to some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive degree and open enrollment programs. Learn more at http://msb.georgetown.edu. Follow us on Twitter @msbgu.