Do import tariffs increase domestic production or value in world consumption? A study of global value chain implications for selected sectors
By: Mukherjee, Deeparghya
.
Material type: 
BookPublisher: Economic & Political Weekly Description: c.Subject(s): India, Tariff Hikes, Imports Responsiveness, Production, Value Added, Global Value Chains, Trade Policy, Export Share, Geopolitical Developments, Trade Agreements, Economic Strategy, Industrial Growth
In:
Economic & Political WeeklySummary: This paper examines the impact of India’s tariff increases across various sectors since 2014, focusing on the responsiveness of imports to specific tariff lines and the broader implications for production and value added. The findings indicate that while domestic production and value added have risen across all sectors, the proportion of output directed toward exports has declined. The study highlights India’s evolving role in global value chains, suggesting that tariff-driven industrial growth has come at the expense of export competitiveness. In light of ongoing geopolitical shifts and trade negotiations, the paper concludes with policy recommendations aimed at balancing domestic industrial expansion with sustained global integration. Since 2014, India has been raising tariffs in various sectors. This paper explores the responsiveness of imports to tariff hikes for specific tariff lines and investigates the effect on production, value added and India’s changing nature of participation in global value chains. We find that while production and value added by India have increased for all sectors, the share of production exported has decreased. Analysing the results, we conclude with possible policy directions for India in light of current geopolitical developments and trade agreements being negotiated.- Reproduced
https://www.epw.in/journal/2024/34/indias-industrial-transformation/do-import-tariffs-increase-domestic-production-or.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 59(34), 24 Aug, 2024: p.50-60 | Available | AR133127 |
This paper examines the impact of India’s tariff increases across various sectors since 2014, focusing on the responsiveness of imports to specific tariff lines and the broader implications for production and value added. The findings indicate that while domestic production and value added have risen across all sectors, the proportion of output directed toward exports has declined. The study highlights India’s evolving role in global value chains, suggesting that tariff-driven industrial growth has come at the expense of export competitiveness. In light of ongoing geopolitical shifts and trade negotiations, the paper concludes with policy recommendations aimed at balancing domestic industrial expansion with sustained global integration. Since 2014, India has been raising tariffs in various sectors. This paper explores the responsiveness of imports to tariff hikes for specific tariff lines and investigates the effect on production, value added and India’s changing nature of participation in global value chains. We find that while production and value added by India have increased for all sectors, the share of production exported has decreased. Analysing the results, we conclude with possible policy directions for India in light of current geopolitical developments and trade agreements being negotiated.- Reproduced
https://www.epw.in/journal/2024/34/indias-industrial-transformation/do-import-tariffs-increase-domestic-production-or.html
There are no comments for this item.