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Ajay Srivastav

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Much ado about just a little something

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BusinessLine The US government has decided to take India out of the Generalized System of Preference (GSP). Many Indian products can no longer enter the US market duty free after May 2019. Indian firms may also lose an edge over China and other countries that ... More »

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How dollar became king of global finance

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BusinessLine India and Japan have agreed to raise the value of currency swap from the $50 billion (agreed in 2013) to $75 billion during Prime Minister Narendra Modi’s two-day visit to Japan on October 28-29. This means India can now readily borrow up to $75 b... More »

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Should countries regulate imports? – The Hindu BusinessLine

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BusinessLine India has increased import duty on 19 products such as diamonds, shoes, ACs, and refrigerators. Even as these products cover $12 billion or close to 2.6 per cent of India’s annual imports, the argument has begun on whether countries should regulat... More »

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The good and the not-so-good imports

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BusinessLine Does India need to look at its imports more closely? India follows an open trade policy where most products can be imported without any licence on payment of duty. Imports make the Indian economy efficient and vibrant. However, like all good thing... More »

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Indian industry must up its tech ante

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BusinessLine Picture this. In an Indore market many old shops are replaced by new types of stores. These make products on demand using 3D Printers. You enter a shoe store, select design, colour, leather type with the help of a virtual reality simulator. Order ... More »

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Cashing in on the logistics revolution

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BusinessLine The global logistics sector is undergoing a quiet revolution. The key benefits are reduced costs, quick arrivals and complete tracking of goods. The new technologies like the Internet of Things (IoT) and people’s preference for buying even very he... More »

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Are FTAs termites in the trading system?

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BusinessLine Eminent economist Jagdish Bhagwati in his 2008 book, Termites in the Trading System: How Preferential Agreements Undermine Free Trade, lamented how an ever-increasing number of free trade agreements (FTAs) are a threat to the world trading system.... More »