Trump’s embrace of Gandhian swadeshi economics gives India a breather with rival
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Synopsis
A small window of opportunity may be emerging for India to strengthen its economy.
The much-awaited Trump tariffs are out. While it would impact countries in varying degrees, there appears to be room, at least temporarily, for Indian policy makers to narrow a gap with a troubling neighbour. India faces a 27% tariff that is sure to dent many businesses’ profitability, but the 54% tariff on China can be turned into an advantage with the right approach. To be sure, China is miles ahead in global trade with trillions in surplus
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