·
The World Bank
released a report titled 'South Asia's Turn : Policies to Boost Competitiveness and Create the Next Export Powerhouse' on November 10, 2016 and suggested a
set of policy actions in four
sectors—agribusiness, apparel, electronics
and automotive.
·
With the
right set of productivity-enhancing policies, South Asia, led by India, could more than. triple
its share in global markets of
electronics and motor vehicles and come close to doubling its already significant market
share in wearing apparel
(excluding textiles and leather) by 2030.
·
In the farm
sector, passive and non-targeted subsidies (e.g., water, fertilisers and minimum support
price) have encouraged
farmers to continue to produce low value crops using low productivity and unsustainable
techniques while restrictions
on agricultural markets have constrained productive private investments in higher value food products.
·
In order to
enhance the business environment in the sector, the government needs to bring out reforms
including reducing
subsidies and promoting competition, according to the World Bank.
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