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India – A Giant in the Making?

Isabella Gourevich, Dorothee Hillrichs, Camille Semelet
CESifo, Munich, 2024

EconPol Forum 25 (1), 20-24
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  • India has become a key player in services, and critical in pharma and food security in the Global South
  • India is setting course to be a manufacturing hub with a mix of targeted subsidies and trade integration
  • First successes are visible: India now exports more machinery and the quality of its goods is increasing
  • The EU’s share in Indian trade has fallen since the 1990s, while China became its main trade partner
  • Trade negotiations with the EU began in 2022. Success is a must for both sides but will be difficult to achieve

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