NEW POLICIES FOR NEW INDIA

Given the volatility in the trade negotiations going on between the United States and India, seeking new markets has become imperative.

- M.D. Nalapat

President Trump has a span of history the foundation of which is the business of the Trump Organisation. Just as he bullied and cajoled his business partners, he is now following the same rulebook as he did then. Long standing agreements do not matter, what does is the immediate need. Above all, it is the others who should pay and not the expanded version of the Trump Organisation, which is how he views the US Executive. While being polite while remaining firm on national needs and priorities, India has to ride out the storms of the Trump Presidency. However, it must be a New India, an India where domestic manufacturing is given a boost rather than relying on imports, whether finished products or assemblies to be put together in India. The tax structure, including GST, will need to be altered substantially, so as to ensure domestic production is given a boost. The curse of manufacturing in India is the appetite of many “domestic” entrepreneurs