In his early days as India’s new prime minister, Narendra Modi has shown remarkable leadership in all sectors, including health, for which he’s articulated his vision to create a Swasth Bharat, a Healthy India. Combined with two major policy windows—the proposed restructuring of the Planning Commission and the report of the 14th Finance Commission expected by the end of the year—the policy reforms under the ruling National Democratic Alliance (NDA)’s mandate of “Universal Health Assurance for All” have the potential to be a game-changer for India’s neglected public health system.
CGD Policy Blogs
Implementation of a global deal to promote trade through increased regulatory transparency and reform of customs procedures is stalled. The deadlock began in July, when India blocked formal adoption of the Trade Facilitation Agreement, which WTO members had agreed to in Bali at the end of 2013.
This morning (Thursday) came the news that Arvind Subramanian, a joint fellow at CGD and at the Peterson Institute for International Economics, is being appointed Chief Economic Advisor to the government of India. This appointment (for our American readers), is more or less equivalent to being the head of the US President’s Council of Economic Advisors. The current Chief Economist of the World Bank, Kaushik Basu, is a former CEA in India, and the current head of India’s Reserve Bank, Raghuram Rajan is a former CEA. (In Arvind’s case, I dearly hope he will be back at CGD—and yes PIIE—here in Washington within a few years.)
Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.
With the Office of the US Trade Representative (USTR) reported to be considering a downgrade of India, trade ties between the two countries are even rockier than usual. Worse, the decision could be announced soon after a newly elected Indian government takes office in May, potentially starting a new relationship on a very sour note.