India, April 11 -- By capitalising on supply chain shifts, India could power its world trade
With the Trump administration adamant on its hallmark protectionist policy, global trade dynamics are in a state of flux. The reimposition of steep tariffs - including a sweeping 26 per cent duty on Indian goods and a staggering 104 per cent on Chinese imports - has sparked concern and debate. Yet, Indian Commerce Minister Piyush Goyal strikes a confident tone. "We are keeping India's interests at the forefront," he said, affirming that a broader trade agreement with the US is in the works. The larger question, however, is whether India can actually benefit from these tariffs.
Unlike other nations who have responded with retaliatory tariffs, India...