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Assessing the Investment Climate in India and Improving Market Access in Financial Services in India

by Arvind Subramanian, Peterson Institute for International Economics

Testimony before the Senate Committee on Banking Housing and Urban Affairs Subcommittee on "National Security and International Trade and Finance"
September 25, 2013

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The Indian economy will require important adjustments to recover from its recent turbulence. Upcoming elections may complicate the cause of reform. Over the past year, India has embarked on unprecedented liberalization of foreign direct investment (FDI) and other capital inflows, which could pave the way for India to pursue a bilateral investment treaty (BIT) with the United States. Such a treaty could lead to expanded US-India trade culminating in a free trade agreement in the medium term.


Paper: Submission to the USTR in Support of a Trans-Pacific Partnership Agreement January 25, 2010

Policy Brief 09-5: The Future of the Chiang Mai Initiative: An Asian Monetary Fund? February 2009

Working Paper 05-12: Prospects for Regional Free Trade in Asia October 2005

Speech: Embedding Pacific Asia in the Asia Pacific: The Global Impact of an East Asian Community September 2, 2005

Speech: A New Strategy for APEC September 6, 2005

Book: Industrial Policy in an Era of Globalization: Lessons from Asia March 2003