India shies away from free trade

Independent India has never been a full-blooded international trader. But then who is a free trader in these uncertain times when even the United States is putting up tariff walls faster than physical ones? Our governmental instincts veer towards protection rather than international competitiveness. India too large, too poor To be sure, the 1991 liberalisation […]

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A hybrid export model might fly

Exports in the first half of this fiscal year were $267 billion, 1.9 per cent higher than last year. This was dismal if exports are to be the engine driving GDP growth. Imports, at $312 billion, reflected poor domestic demand and contracted by 3.2 per cent. The only good news was that the trade deficit […]

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