Indian Economic Growth and Trade Agreements: What Matters for India and for Global Markets?

G.B. Woltjer, M.M. Rutten

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Patterns of economic growth and agreements on international trade both impact the economy, nationally and globally. This chapter compares alternative patterns of economic growth with a bilateral free trade agreement between India and the EU and a multilateral trade agreement in the context of the World Trade Organization (WTO). It is concluded that rising patterns of economic growth in India would be beneficial for the country with gaining importance as a net-exporter of industrial products and a net-importer of services. With respect to agriculture, the net-imports of crop products would increase. Meanwhile, the increasing prices of farm land would lead to intensification in Indian agriculture.
Original languageEnglish
Title of host publicationInternational Trade and Food Security
Subtitle of host publicationThe Future of Indian Agriculture
EditorsF. Brouwer, P.K. Joshi
Place of PublicationWallingford
PublisherCABI
Chapter5
Pages64-80
ISBN (Print)9781780642826
DOIs
Publication statusPublished - 2016

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