‘If we can’t import freely, we can’t export freely’: Jayant Sinha on India’s trade barriers

He argued that easier access to imports is essential for companies seeking to plug into global value chains and compete in international markets. “All that being said, we need to really open ourselves up to the global economy because if we can’t import freely, we can’t export freely.” The comments come as India seeks to expand its manufacturing base and capitalise on the China-plus-one strategy, under which global companies are diversifying production and supply chains beyond China. For Sinha, greater trade openness will be crucial if India wants to capture a bigger share of that shift. India versus Vietnam Sinha…