India needs to knock down import tariffs imposed in last 3 yrs: Panagariya

Arvind Panagariya also pointed out that Covid-19 pandemic may lead to integration of global labour market

Economic liberalisation has done good to India, and the country needs to knock down import tariffs imposed on many products in the last three years, former Niti Aayog Vice-Chairman Arvind Panagariya said on Tuesday.

Panagariya also pointed out that Covid-19 pandemic may lead to integration of global labour market.

"Liberalisation has done good to us. We are reversing something from which we benefited. I  thought that in 1991, India had give up import substitution, but in the last three years, import tariff on many products have been raised," he said while addressing CII Annual Session 2020.

"India needs to open up more and