Economic Survey 2018 - international trade insights
Economic survey was released yesterday . It is a good commentary on the current state of Indian economy and analyses most issues that matter from the policymaking point of view. It provides some interesting insights about international trade due to the chief economic advisor's deep knowledge in this area. I shall briefly enumerate a few points that I found interesting (among vast treasure trove of information) Link between prosperity and trade Economic survey states that there is a strong correlation between prosperity of a state and their participation in international and intra national (inter-state) trade as shown in figures. The only outlier appears to be Kerala (KE) which seems to be doing well and yet not participating in international or intra-national trade. This is partially explained due to the Kerala's economy earning through tourism and remittances which has not been probably factored into as trade. The survey doesn't attribute causation of one on anot