Protectionism is a barrier to India's industrial growth, says Surjit Bhalla
According to economist Surjit Bhalla, protectionist policies are hindering the progress of India’s manufacturing sector by insulating local firms from international market competition. He noted that measures such as tariffs, non-tariff obstacles, and Quality Control Orders have the potential to discourage investment and diminish export performance. Bhalla emphasized that to achieve rapid and consistent economic expansion, India must prioritize increasing private investment, boosting manufacturing exports, and tapping into global market demand.
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