Sanctions And Tariffs Weaponised As Policy Tools: PK Mishra
· Business · Business Standard
In his address at the CII Annual General Meeting in New Delhi, Principal Secretary PK Mishra stated that sanctions and tariffs are increasingly being weaponised as policy tools by various countries. He emphasised that India is closely monitoring the evolving global trade environment, particularly the rising use of economic coercion. Mishra warned that such measures could disrupt global supply chains and impact India's economic interests. He reiterated the government's commitment to protecting domestic industries while maintaining an open trade policy.
Why it matters
Indian businesses and policymakers need to navigate an increasingly protectionist global trade environment where economic sanctions and tariffs are used strategically, potentially affecting India's export competitiveness and import costs.
Read the original report — Business Standard
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