India’s competitiveness cannot be defended abroad if it is eroded at home. Short-term measures can provide a cushion, but without reforms, exporters will remain perpetually vulnerable.
Tariffs have been used in the past by countries like Japan and South, to promote or hinder industrialisation. The surprise in Trump’s tariff argument is two-fold.
Win-win negotiations are always about give and take, a deft combination of assertion and acquiescence. A mutually acceptable trade deal would do a lot of good to both countries.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
The US Trade Representative further added that termination of 6 WTO disputes with India & the country's removal of retaliatory tariffs last June has benefitted farmers across US.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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