Webinar Link

Meeting No: 2516 655 6714
Password: imports

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Abstract

Tariff walls are trade barriers that countries implement to protect domestic industries by increasing the cost of imported goods. In India, such measures have historically aimed to foster self-reliance and stimulate local manufacturing. However, these tariffs can lead to inefficiencies, higher consumer prices, and strained international relations. In recent developments, the U.S. administration's proposal for reciprocal tariffs has raised concerns about potential annual losses of up to $7 billion for Indian exporters. This situation underscores the need for India to reassess its tariff policies to balance domestic industry protection with the benefits of global trade integration. In the webinar the panel shall discuss the challenges for India in the current global scenario.

About the Speakers

Prof. Sachin Chaturvedi

Professor Sachin Chaturvedi is currently Director General at the Research and Information System for Developing Countries (RIS), a New Delhi-based Think-Tank. He works on issues related to development economics, involving development finance, SDGs and South-South Cooperation, apart from trade, investment and innovation linkages with special focus on WTO. He is also Independent Director on the Board of Reserve Bank of India.

Professor Chaturvedi has persistenly endeavoured to build up institutions and launching of networks, both at national and international levels. He is credited with the launch of Network of Southern Think Tanks (NeST) and Forum for Indian Development Cooperation (FIDC). He has also created “Delhi Process”, a major forum for exchange of ideas on South-South and triangular Cooperation.

Professor Sachin Chaturvedi has been part of several important initiatives of the Government of India and takes keen interest in transforming economic policymaking towards integrated and evidence based approaches. He is one of the foremost commentators on India’s external sector economic engagements and partnerships. He is considered as most dynamic and affable by his peers and has mentored several bright scholars and researchers in the profession.

He has authored/edited more than 22 books, apart from contributing several chapters in the edited volumes and also publishing several research articles in prestigious journals. He is on the Editorial Board of several journals including the South Asian Economic Journal, IDS Bulletin, Sussex, UK among others. His book “The Logic of Sharing – Indian Approach to South-South Cooperation” has been acclaimed internationally as one of the best volumes on international development cooperation.

Professor Sachin Chaturvedi was also the ‘Global Justice Fellow’ at the MacMillan Center for International Affairs at Yale University (2009-2010) and has served as a Visiting Professor at the Jawaharlal Nehru University (JNU) and was a Developing Country Fellow at the University of Amsterdam (1996), Visiting Fellow at the Institute of Advanced Studies, Shimla (2003), and Visiting Scholar at the German Development Institute (2007).

Prof. Rakesh Mohan Joshi

Prof. Rakesh Mohan Joshi is Vice Chancellor at Indian Institute of Foreign Trade (IIFT), the premier B-School under Ministry of Commerce, Government of India. Prof. Joshi, a senior professor and former Dean at IIFT was on deputation to Indian Institute of Plantation Management, Bengaluru, as Director. Prof. Joshi, a gold medallist from IIFT, received his education and training from Harvard Business School, Boston; IIFT, Rajasthan University and National Dairy Research Institute, Karnal. He authored highly popular books from Oxford University Press and had been the Editor of the prestigious quarterly journal of IIFT, Foreign Trade Review (FTR). Prof. Joshi has extensive trans-national exposure and has been associated with several multilateral organizations, such as the World Bank, the Asian Development Bank, UNCTAD, International Dairy Federation, Asian Productivity Organisation (APO) etc. Prof. Joshi had been the Chairman of the ‘UGC Committee for Framing the Regulations for Foreign Educational Institutes’ and Chairman of the Expert Group for “Development of Educational Framework for Global Citizenship in Higher Education Institutions” 2021. Presently, he is also the Chairman of the Business Services Sectional Committee, Bureau of Indian Standards, Government of India. He is also on the Council of Management, All India Management Association (AIMA) Prof. Joshi has a strong inclination to research Internationalization of Indian Culture and has carried out a major research Project on “Implications of Bhagwat Geeta in Contemporary Management” by Indian Council of Social Science Research (ICSSR).

Prof. C. Veeramani

Professor C Veeramani assumed the position of the 10th Director of the Centre for Development Studies (CDS) on June 1, 2023. Previously, he served as a Professor at the Indira Gandhi Institute of Development Research (IGIDR) in Mumbai. He holds a PhD and MPhil in Economics from Jawaharlal Nehru University (JNU), New Delhi. Before joining IGIDR, he worked with the Indian Council for Research on International Economic Relations (ICRIER) in New Delhi and the Indian Institute of Technology (IIT) Bombay. He was a Visiting Fellow at the Crawford School of Public Policy, Australian National University. He is the recipient of the EXIM Bank International Economic Development Research award 2003 for the best doctoral dissertation in international economics. Professor Veeramani serves as the Joint Managing Editor of the Journal of Quantitative Economics and as the Economics Area Editor of the Journal of Indian Business Research. He also contributes his expertise as a member of various committees, including the RBI’s Empowered Committee on External Commercial Borrowings and the Standing Technical Committee of Experts responsible for reviewing EXIM Bank’s Export Leading Index model, which forecasts India’s exports. His recent research papers focus on diverse topics such as Global Value Chains, Trade Patterns, Trade Policy, Productivity, Labor Market Outcomes, Exports and Job Creation, and Free Trade Agreements. His research has been extensively cited in Chapter 5, Volume 1 (“Creating Jobs and Growth by Specializing in Exports in Network Products”) of the Economic Survey 2019-20, published by the Ministry of Finance, Government of India.