A historic opportunity for India (with Jagdish Bhagwati)

With the Doha Round at a critical juncture, India has a historic opportunity to seize the leadership role in bringing the Round closer to a successful conclusion. Such an initiative promises to place India among key players on the world stage as it seeks the Indo-US nuclear deal and a permanent seat on the Security Council.


 

By moving ahead of the curve and offering real concessions in manufactures and services in return for concessions for its own exports.

 
Abstract: By moving ahead of the curve and offering real concessions in manufactures and services in return for concessions for its own exports, India can take credit for moving the Doha Round forward.

With the Doha Round at a critical juncture, India has a historic opportunity to seize the leadership role in bringing the Round closer to a successful conclusion. Such an initiative promises to place India among key players on the world stage as it seeks the Indo-US nuclear deal and a permanent seat on the Security Council.

The challenge and the opportunity for India are best understood against the progress that has been made in the Doha Round. For, progress there has been, despite the cacophony of condemnation, now mostly from financially flush NGOs such as Oxfam and a handful of anti-globalisation economists.