India has to compete to gain from 'China Plus One' strategy: Eswar Prasad

Companies, investors around the world looking at India's policy trajectory, says the professor of trade policy at Cornell University

The challenge for India is to show the path for longer-term fiscal sustainability, and the upcoming budget should lay out a path of rationalisation for public sector enterprises not doing well, said Eswar Prasad, professor of trade policy at Cornell University. Prasad, the author of 'The Future of Money', told Asit Ranjan Mishra in an interview that the Central Bank Digital Currency (CBDC) at best will have some positive effects on the margin.

Here are edited excerpts from the interview.

There is much talk about the ‘China Plus One’ strategy of multinational companies and its benefits to India? Is the