The US is worried about India’s “new protectionist measures” ...Middle East

Quartz - Economy

The US government sees India as a promising investment hub—but with caveats.The US State Department released a detailed report on July 21 about how it sees the business environment in India. Even as it noted India’s measures to liberalise foreign direct investments (FDIs), it maintained that the country “remains a challenging place to do business.” because of its protectionist policies.“New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted

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Last updated : 22 July 2021 clock 03:15 PM

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