Overcoming the problems of GST obstacles, a strong rupee and various trade facilitation needs will help our MSMEs occupy the space being vacated by China and other southeast Asian countries.
India aims to double the value of exports to $900 billion by 2019. Given sluggish global demand and our own export slump, there is no way that this objective can be achieved.
Any flippant talk of rupee devaluation would only damage India’s reputation as a credible, mature emerging economy and make crucial imports more expensive.
Exports from labour-intensive industries have either showed outright declines or reported anaemic growth. This is an ominous sign for job creation in India.
Even as Trump makes promises of international trade bringing back jobs and boosting the economy, he seems to be gambling a key element it rests upon: reputation.