Topic Reading-Vol.2565-4/20/2019
0422-27-5366
〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階
電話受付/月〜金 9:00-18:00
Topic Reading-Vol.2565-4/20/2019
0422-27-5366
〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階
電話受付/月〜金 9:00-18:00
Topic Reading-Vol.2565-4/20/2019
Dear MEL Topic Readers,
Why India is one of world’s most protectionist countries
India’s economy has been growing rapidly since its economic reform 1991. Thanks to the large population and service sectors including back-end IT systems, software development, and service centers, its GDP is the world’s seventh largest as a whole. However, despite the size of the pie, each portion is so small and it’s GDP per capita ranks below 100th.
One of the reasons is farming. Over one-third of the rural population depend on the farming business. Their productivity is low because of the lucrative government subsidies and accessibility to other markets is quite limited due to the lack of efficient transportation systems. Though the country welcomes foreign investment in most sectors but retail to protect their small retail shops, it discourages import with high tariffs and inconsistent regulations. It is the world’s largest democratic country and the government policymakers and parliament’s lawmakers are both eager to entice 900 million voters by creating more domestic jobs and subsidizing the agricultural industry. Speaking of elections, their 2019 general election is ongoing.
But will protected industries survive or grow in the long run? Well, since India’s general elections are held every five years, anything beyond the next election seems way beyond their scope.
Enjoy reading and learning about the world’s fastest-growing but most protected market.
https://www.bbc.com/news/business-47857583
電話：0422-27-5366
住所 〒181-0013 東京都三鷹市下連雀3-33-13 三鷹第二ビル101
営業時間：電話受付13時～18時 定休日：日曜日