Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
Context
India must stay clear of the US-China trade war, focus on reviving the domestic economy
Backdrop
- US imposed tariffs on Chinese imports worth up to $60 billion after an earlier move to raise import duty on steel and aluminum products coming into the US
- China has retaliated imposing tariffs on US imports worth $3 billion, including aluminum, steel pipes, US pork besides fruit and wine fuelling fears of a trade war
How does it impact India?
The threat of a trade war comes at a time when global economy is on the recovery mode with signs that Indian exports might be benefitted with a subsequent increase
What should India do?
Indian government should focus more on reviving the economy and ensuring the completion of projects. A resurgent economy is the best insurance to counter the threat to the global economic recovery
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
