Kamal Ghorui
Even as the India-US deal brings sighs of relief, the learnings from a year of Trump tariffs’ pain should not be forgotten. Their heat has surely woken up GOI to how protectionist, over-regulated, and uncompetitive we are. It explains (1) why India has failed to create an Industrial Revolution; (2) 45% of workers are still stuck in agriculture, half of them redundant; (3) our share of global exports is a miserable 2% in goods; (4) why global companies leaving China prefer Vietnam, despite India’s much larger domestic market; and (5) why India attracts a miserable 1.3% of world’s tourists despite its natural and cultural wealth.
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