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Threefold rise in trade restrictions since 2019: FM
Business Standard
|April 23, 2025
Finance Minister Nirmala Sitharaman met a clutch of America's top IT sector leaders, pension fund managers and institutional investors in San Francisco on Monday, and mooted strengthening of the India-US economic collaboration to enable partnerships and investments in sectors such as semiconductors, nuclear power, pharmaceuticals and quantum computing.
Speaking at the Stanford University in California, the Finance Minister flagged a threefold increase in trade restrictions since 2019 with both advanced and emerging economies striving to protect domestic production and jobs. "At first glance, these developments appear formidable, and yet they are full of possibilities... new opportunities for deeper participation present themselves," Sitharaman said.
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