The reported move to have a sunset date for high import tariffs on electronic products like mobile phones and TVs makes perfect sense. Artificial value addition behind high tariff walls enriches a few while impoverishing the citizenry, with high costs, obsolescence and incapacity to compete globally.
Reportedly, high tariffs to boost domestic production would have a 4-5-year term limit. In tandem, what’s surely required are innovative industrial and technology policies for Indian producers…
Source link
/cdn.vox-cdn.com/uploads/chorus_asset/file/25271850/Copilot_Carousel_Hero_1920x1280.png "Microsoft’s next big AI push is here after a year of Bing")
