India’s trade paradox and Joan Robinson..

Arvind Subramanian of PIIE keeps  churning insightful pieces on Indian economy.

This one on trade (pretty dated as it appeared in BS on 10-Jan-14) looks at whether India trades more or less.

He says there is a paradox. India has much higher barriers to trade than is visible in services. But at the same time trades much more given its size compared to its peers. So as Joan Robinson says (which Dr Subramanian quotes very often) ..everything  and its opposite is true in India…:-)

A point which he does not cover but strikes this blog is this — Is our services  sector so buoyant  as we have such high trade barriers on the same? Is it just artificially competitive?

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