Sanctions and the rise of Swadeshi
Published on: Sept. 30, 2025, 4:59 a.m. | Source: Daily Excelsior
Prof K S Chandrasekar In late August, US President Donald Trump raised his already high duties on India to 50 per cent as punishment for the country’s purchases of Russian oil. That made it one of the world’s most heavily tariffed countries by the US.First, the high US tariff rate on India isn’t as bad as it looks. Although one-fifth of the country’s product exports go to the US, India is not a major goods producer. In fact, Capital Economics […]
