INDIA AND GLOBALIZATION Initiative

 

INTRODUCTION

Hudson Institute’s India and Globalization Initiative (IAGI) enters its third year in 2016. The Initiative was launched in January 2014. It is a part of Hudson’s South and Central Asia Program. The IAGI aims to promote the idea that India should be an equal partner in globalization.

India, the world’s most populous democracy and one of the fastest growing economies in the world, is blessed with tremendous resources and there are many areas where, if reforms take place, there is scope for further growth. India is also an open society, one that is welcoming to foreigners and could easily evolve into a fully open economy that benefits international investors and Indians alike. But in order to grow and take advantage of its resources and of ties to other countries, India needs to tackle problems beyond the surface and handle underlying issues as well.  

Things have changed since the May 2014 coming into power of the pro-business Bharatiya Janata Party (BJP) led by Mr. Narendra Modi to power. The BJP manifesto promised reforms in the economic sphere that could change India’s integration with the global markets.

We at Hudson Institute believe that India has a unique opportunity and our India Initiative aims to shape the ideas that will help change the discourse in India.

We hope this will help policymakers implement reforms in key areas like the financial sector (fiscal, taxation, and capital markets), regulation, labor and skill development, land, agriculture, manufacturing, infrastructure, power and energy, education, water and sanitation.

 

AIM OF IAGI

2016: Third Year Plans

As our IAG Initiative enters its third year it is started on the premises that two years after Mr Modi came into power while India has undertaken some reforms, there is still has a long way to go. What we hope to accomplish is to continue to generate a debate on ideas that benefit not only India but also its international partners.

The initiative aims to bring out annual reports every summer on progress and setbacks in critical sectors namely: health, defense, intellectual property rights, trade and foreign investment, labor and skill development and energy. The 2016 report will come out in Summer 2016 and will examine the last two years. There will also be a Fall series of roundtable discussions with health experts from government, NGOs, academics, journalists and analysts, policy makers in India. In addition, the IAGI will continue to hold events in Washington DC and conversations in Delhi with policy makers, government officials, academics and analysts.

2015: Second year update

The key output for 2015 was 'Modi: One year On': our flagship report that undertook an assessment of the progress (and setbacks) in the fields of health, intellectual property rights, defense, trade and capital markets, labor and skill development and energy. The report was the first such assessment of the Modi administration by a US-think tank and found its way to the Prime Minister’s Office and the Ministry of External Affairs in New Delhi. Off the record discussions with policy makers in March and again in October 2015 were held in Delhi as were discussions with American policy makers and legislators. The key conference of the year held in December 2015 was on the defense sector with the focus being India-US defense collaboration.

2014: First year update

In March 2014 we had unveiled the IAGI at a major conference in New Delhi titled ‘‘India's Engagements with the World”. An edited book with all the papers presented at this conference was released in July 2014. The report and conference were a joint endeavor of Hudson and Delhi-based Observer Research Foundation (ORF), one of India’s most respected think tanks and a long-time Hudson partner. In August 2014, Hudson Institute co- hosted a conference in Bangalore on ‘Shaping India's new growth agenda: Implications for the World’ with Takshashila Institute. Opinion pieces written by various participants appeared as a series in The Hinduone of India’s leading English newspapers. Papers written for the conference were published as policy briefs by Hudson Institute as well as articles in Takshashila Institute’s Pragati journal. Short video interviews of participants as well as members of the audience were also posted online.

 

KEY STREAMS OF INTEREST OF IAGI

International Trade & Foreign Direct Investment

Innovation & Intellectual Property Rights

Healthcare

Defense and Military industries

Entertainment Industry

Energy and Environment

Communications, Transport, & Infrastructure

Land, Labor, & Capital Market Reform

Agriculture Productivity, Storage, & Supply

Education Reforms

Regulatory Reform & Manufacturing Policy