India is at a crossroad as it faces the impact of US President Donald Trump's tariff wars and the global trade upheaval. With high import duties and protectionist policies, India must decide whether to open up its economy and seize the opportunity to become a key player in global trade or retreat further. The country's high tariffs hinder companies' ability to compete in international markets and increase costs for consumers. While India has taken steps to lower tariffs and pursue free trade deals with other countries, there are concerns about the potential for dumping and the need for deeper reforms to create manufacturing jobs.

Original article source: https://www.bbc.com/news/articles/cd0nr05yxmzo
Source Id: 2025-03-665403741