India can stand tall in a trade war: Anand Mahindra

作者:Ellie 日期:2018-03-11 標籤: 分類:阅读:18

Asserting that India can "stand tall in a trade war", noted industrialist Anand Mahindra has said the world needs access to the country's fast-growing large economy amid the US hiking tariffs on certain steel imports.

"Not sure why Indian markets seem so perturbed by the threat of global tariff wars. Small, export focused countries stand to lose. Countries with large domestic economies can easily withstand tariff threats. The world needs access to the fastest-growing large economy-India," Mahindra said in a tweet.

The chief of the diversified Mahindra Group further said MNCs wanting access to India's markets will have to manufacture locally, which they will.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

"So, no danger of drifting back to a socialist, stagnant economy. I'm no believer in protectionism and enjoy competing globally but I believe India can stand tall in a trade war," the industrialist added.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

related news

Customs duty hike, high GST to impact sales : JLR

Demonetisation should have been thrown in the dustbin: Rahul Gandhi

The US recently imposed hefty tariffs on imported steel and aluminium, citing national security concerns and the need to protect American industries from "unfair" business practices, triggering fears of a global trade war.

US President Donald Trump signed two proclamations that levied a 25 per cent tariff on steel and a 10 per cent tariff on aluminium imported from all countries except neighbouring Canada and Mexico.

India will wait for the notification to see the impact of tariff hikes, Commerce Secretary Rita Teaotia had said even as there has been a global outcry over the US' decision to increase duties beyond its commitment at the WTO.

Mahindra, in another tweet, said, "If India retaliates with tariffs, the effect will be very different from what it was post-independence. Today, India's a free-market economy and can access global technology and capital to fuel its own innovative start-ups. It's resource-rich & can import commodities it lacks".



<< March 2018 >>
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
  • Botox by Milly | Facebook

    London DA15 9JN ... Botox and dermal filler practitioner in central London and Kent. ... milly is by far the best at what she does... i love my lips and my botox is ...

  • 马来西亚中国报‏ @mychinapress

    开心享用美食,但吃到最后吃出......惊喜#这惊喜送给小编也不想要 http://www.chinapress.com.my/?p=935300  看更多 iOS: http://apple.co/1REIed2  Google Play: http://bit.ly/22TaTTH  #今日中国报pic.twitter.com/nVtBgzRuNH

  • BOTOX FAILS! Schönheits-OP & Plastische Chirurgie Disaster ...

    Botox, Schönheits-Operationen und die ewige Jugend, davon träumen viele Frauen und Männer. Doch ...

Copyright © 2016 -Hilarious-Delicacy Moment- All Rights Reserved.