Taking Stock of the Indian Economy with Prachi Mishra
Ideas of India
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Navigating India's Trade Landscape
This chapter explores the evolution of India's trade policy and its impact on the manufacturing sector against the backdrop of global economic changes. It discusses the historical shifts from protectionism to liberalization, examines the effects of U.S. tariffs and China’s strategy, and presents a four-pronged approach to bolster India's manufacturing capabilities. The emphasis is on maintaining low tariffs, improving labor dynamics, and creating an effective industrial policy to enhance India's competitiveness in global markets.
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