After the Second World War, the world saw two grand economic experiments. India enters this moment stronger than before, but we no longer enjoy the latitude once given to low-income countries. Their prices, influenced by tariff structures and limited competition, raise the cost of industrial buildings and warehousing. In a world where preferences are narrowing and competition is intensifying, countries that improve productivity and cost discipline will determine the terms of trade. Our generation must reject it through economic strength, not by protecting industries from competition but by building industries capable of winning it.

Source: The Telegraph March 01, 2026 02:30 UTC