India and the 
         Global Economy
         A collection of essays presented at the 
         Hudson Institute-Observer Research 
         Foundation Roundtable on “India’s 
         Economic Engagements with the World,”
         New Delhi, India, March 25-26, 2014
         Edited by Husain Haqqani             July 2014
                                    
          
          
         India and the 
         Global Economy 
                                                               
          
          
          
         A collection of essays presented at the Hudson 
         Institute-Observer Research Foundation Roundtable 
         on “India’s Economic Engagements with the World” 
         held in New Delhi, India on March 25-26, 2014 
          
          
          
          
          
          
          
          
          
          
          
         Edited by Husain Haqqani 
          
          
          
                
                
                
               © 2014 Hudson Institute, Inc. All rights reserved. 
                
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              Table of Contents 
                                                          
              Introduction                                                                          
               
              India’s Reform Agenda                                                                 
              Husain Haqqani                                                                      1 
               
              Innovation, Intellectual Property Rights and Healthcare                               
               
              Innovation, Intellectual Property Rights, and the Modernization of India’s            
              Economy 
              Robert Shapiro                                                                      5 
               
              Health Care in India: Challenges and Opportunities                                    
              Kristina Lybecker                                                                  22 
               
              International Trade, Foreign Direct Investment & Capital Market                       
              Reforms 
               
              Reforms and Global Economic Integration of the Indian Economy: Challenges             
              and Future Directions 
              Nagesh Kumar                                                                       46 
               
              Indian Capital Market Reforms                                                         
              Chaitanya Pande                                                                    67 
               
              Defense and Military Industries                                                       
               
              India-US Defense Ties                                                                 
              Manoj Joshi                                                                        86 
               
              Building Toward A Partnership: The India-U.S. Defense Trade Relationship              
              Roger Zakheim                                                                      99 
               
              Energy, Environment and Education Sector – Reform & Private                           
              Sector Participation 
               
              Energy sector in India: The challenges                                                
              Nitin Zamre                                                                       114 
               
              Skill Development in India: Navigating the Labyrinth                                  
              Saurabh Johri                                                                     120 
               
              References                                                                        136