India is shooting itself in the foot on trade
- Posted on January 2, 2025
- By Business News Today
- 3 Views
India is shooting itself in the foot on trade
President-elect Donald Trump has threatened tariffs on Indian imports, but India's trade policy issue lies more in non-tariff barriers, specifically Quality Control Orders. These orders unpredictably restrict imports and harm local industries by monopolizing resources and fragmenting supply chains, ultimately hurting Indias economic productivity and job creation.