India’s Economic Strategy: Navigating US Mercantilism and Global Trade Inequalities

India’s economic future necessitates pursuing a more egalitarian global order, especially as the United States adopts mercantilist practices under Donald Trump. By recognizing the structural inequalities in trade and refusing to default to simplistic bilateral negotiations, India can better protect its interests and those of the Global South.

India faces a critical juncture in its economic relations with the United States, particularly in light of the US exhibiting mercantilist tendencies under the leadership of Donald Trump. Historically, the United States promoted trade liberalization through frameworks like the Washington Consensus, benefiting advanced economies while marginalizing poorer nations. Trump’s departure from these principles has introduced uncertainties that require India to reassess its approach, focusing on achieving a fairer global economic structure instead of merely negotiating bilateral deals.

In conclusion, India must champion a reformed global economic order that addresses systemic inequalities rather than compromise its position through distress deals with a mercantilist United States. This involves highlighting its unique challenges, particularly concerning agricultural tariffs and trade relationships. Ultimately, redefining India’s economic strategy is essential for fostering long-term equity and stability in an increasingly complex global landscape.

Original Source: www.hindustantimes.com