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India Must Be Wary: Experts
Financial Express Kochi
|January 22, 2025
CO-FOUNDER OF GLOBAL Trade Research Initiative Ajay Srivastava said that when talks happen with the US regarding tariffs on goods, India must point out the trade in digital services and defence purchases for striking a balance in trade.
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"India is the biggest market for companies like Google and Meta as they are barred from China. These countries make a lot of money here so this should also be part of the equation," he added. Srivastava said while Trump is yet to spell out the specifics regarding duties on India, New Delhi should be ready to retaliate in equal measure. In 2018, when Trump imposed additional duties on steel and aluminium, India retaliated by putting the same amount of duty on products from the US like almonds, apples, chemicals and some items of steel.
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