Prime Minister Modi spoke of embracing globalization at the World Economic Forum at Davos, Switzerland on January 23, Tuesday. This seems ironic, considering he omitted to speak about the measures imposed in order to encourage foreign companies to manufacture in India. While Trump has been actively pursuing “America first” strategy, Modi has been doing the same subtly. Heavy tariffs have been imposed heavy tariffs on import of cellphones, television and video cameras which put heavy pressure on Apple which ships most of the iPhones in India from China. Modi is also considering imposing a 70% tariff on imported solar panels.
Read more at: https://www.nytimes.com/2018/01/23/business/modi-in-davos-praises-globalization-without-mentioning-india-trade-barriers.html
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