Adopt a strategic posture on trade

It is almost certain that the government of India will respond to China’s aggression on the Line of Actual Control by making it harder for China to export goods to India. The very one-sided India-China trade relationship has been flagged as a concern at various points in the last decade, but never brought into focus quite as sharply as now. While it is true that any ac­tion via tariffs, safeguards or non-tariff barriers will only hurt China to a limited extend — its exports to In­dia are around 3 per cent of its total exports — it will provide breathing space to India.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.