Sen, Rahul and Mathur, Somesh
India opting out of the trade pillar: A quantitative assessment of the indo-pacific economic framework - Economic & Political Weekly - 60(40), Oct 4, 2025: p.48-57
The impact of the Indo-Pacific Economic Framework trade pillar, including India, is evaluated, followed by counterfactual scenarios of India exiting the IPEF. The assessment evaluates welfare changes, gross domestic product, outward and inward resistance terms, exports, imports and internal trade of members and non-members to quantitatively evaluate the economy-wide impact for all 14 IPEF member countries. The policy simulation focuses on three pillars: enhancing value added through global value chains, implementing harmonised standards by reducing non-tariff barriers, and the clean economy pillar. Results indicate that gains would be the highest for all members if all four pillars, including the trade pillar, are incorporated. India would incur welfare losses if it opts out of IPEF. – Reproduced
https://www.epw.in/journal/2025/40/special-articles/india-opting-out-trade-pillar.html
India opting out of the trade pillar: A quantitative assessment of the indo-pacific economic framework - Economic & Political Weekly - 60(40), Oct 4, 2025: p.48-57
The impact of the Indo-Pacific Economic Framework trade pillar, including India, is evaluated, followed by counterfactual scenarios of India exiting the IPEF. The assessment evaluates welfare changes, gross domestic product, outward and inward resistance terms, exports, imports and internal trade of members and non-members to quantitatively evaluate the economy-wide impact for all 14 IPEF member countries. The policy simulation focuses on three pillars: enhancing value added through global value chains, implementing harmonised standards by reducing non-tariff barriers, and the clean economy pillar. Results indicate that gains would be the highest for all members if all four pillars, including the trade pillar, are incorporated. India would incur welfare losses if it opts out of IPEF. – Reproduced
https://www.epw.in/journal/2025/40/special-articles/india-opting-out-trade-pillar.html