Since 2 April, the world economy is on a rollercoaster.
President Donald Trump’s Liberation Day for US trade has injected an unprecedented level of uncertainty. The subsequent flip-flops have only made a bad situation worse.
India too has been singed. Even while the country scrambles together a Bilateral Trade Agreement (BTA) with the United States to evade the tariff onslaught, it is being made aware of its long ignored Achilles Heel—lack of global competitiveness of Indian industry.
Can India resolve this handicap in a hurry? Because once the BTA is in place, Indian industry would be exposed to global competition.
To answer all this and more, StratNewsGlobal.Tech spoke to
Prerna Prabhakar, an Associate Fellow at the Centre for Social and Economic Progress (CSEP) on Capital Calculus.
Anil Padmanabhan has been a journalist for the last 36 years. He has worked in various capacities in several publications including Afternoon Despatch & Courier, Press Trust of India, Business Standard, Mint and was based in New York for India Today. He was a Nieman Fellow in 2001. He tweets at @capitalcalculus.
