This paper is part of a project funded by the Asian Development Bank (ADB). We are grateful to Rajat Kathuria, Director and CE, ICRIER, to give us the opportunity to work in this area. Earlier versions of this paper were presented at the joint workshop of the Asian Development Bank (ADB)-Korea Institute for International Economic Policy in Seoul, Korea on October 22- 23, 2012, and at the ADB workshop in Manila, Philippines on September 4, 2013. The authors are grateful to the workshop participants for their valuable inputs. The paper was also presented
at the ICRIER-CII Industry Consultation organised by the Confederation of Indian industry (CII) on February 6, 2013. We would like to thank the conference participants for their comments. Prof. T.N. Srinivasan, Prof. Anwarul Hoda and Prof. Rupa Chanda reviewed the paper and we are grateful for their valuable input. The authors would also like to thank all survey participants in India and Thailand. Thanks are due to Sumanta Chaudhuri, Sudhanshu Panday (Department of Commerce, Government of India) and Saikat Sen Sharma (Ministry of External Affairs,
India) and their respective teams for input and for their help in coordinating the survey. We are also grateful to Ramneet Goswami who helped us with the data analysis. Renu Gupta helped us with copyediting and Anu Mohandas helped us in coordinating the meetings and interviews. Chhaya Singh has helped us in collecting information. Manmeet Ahuja and team and Rajeev Kapil and his team provided logistics and administrative support respectively.