SIIA-ISAS | India’s Economic Outlook: Domestic Drivers, FTAs and Strategic Engagements

India’s gross domestic product is growing at a brisk rate of more than six per cent, making it one of the fastest growing major economies and on way to becoming the world’s third largest economy by the end of the decade. Large public investments and high domestic consumption have been sustaining the high growth. However, doubts are arising over whether the growth can be maintained, given the slowdown in private investment, lack of reforms in agriculture and state-run enterprises, and the rising pressure on public finances. India is also actively engaged in finalising new free trade agreements (FTAs), including with the United States (US), the European Union and the United Kingdom, and reviewing its FTA with the Association of Southeast Asian Nations. While strained ties with China look poised for reset, strong ties with the US are being tested by complex developments in global trade in geopolitics, making deft and flexible strategic engagement critical to realisation of its economic prospects. The panel discussion will focus on these various issues and their implications.

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