‘India, U.S. Have Fundamentally Different Approaches To Trade’

NEW DELHI: The absence of any big ticket announcement on trade during Trump’s visit may not be a bad thing. Rajat Kathuria of the economic policy think tank ICRIER, believes that any bilateral trade deal should be done in a measured fashion. In a chat with StratNews Global ahead of the Trump visit, he said growing protectionist sentiment in India may not make this country very attractive for American business. Add to that India’s federal structure where any change in a state government tended to result in a reversal of government policies. In his view, both governments would need to focus closely on areas where there is a natural convergence and build on the political rapport they have established over the years.