Swaminathan Aiyar critiques India’s decision to forgo the Google tax, advocating for a tougher stance in trade negotiations, drawing parallels with Japan and Europe. He suggests leveraging India’s energy needs to reduce the trade deficit with the USA. While Trump seeks quick trade victories, particularly in agriculture, India faces domestic resistance to agricultural imports, potentially hindering a comprehensive agreement.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets