Ajit Ranade quoted in the Mint on the need to strategically discourage imports in India

Ajit Ranade was quoted in the Mint on the need to strategically discourage imports in India. He said:

If you look at the last five-six years, overall average tariffs have gone up by five percentage points. That is a little worrying because all said and done, India’s exports also have an import content. We have to selective and strategic about protectionist actions

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