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Tuesday, January 14, 2025 | 12:27 AM ISTEN Hindi

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NDA govt's second tenure to be dotted with many problems

The government has to look at its trade and tariff policies afresh... The finance ministry's approach will probably be better known when the Budget is presented

Prime Minister Narendra Modi said the institutional structure designed for a different era needs to be changed
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Prime Minister Narendra Modi said the institutional structure designed for a different era needs to be changed

TNC Rajagopalan
The second tenure of the Modi government has started on a turbulent note on the trade front.  To quite an extent it was expected. Going forward, more problems can be expected.

As soon as the new government took over, the United States withdrew the tariff concessions for Indian origin goods under the Generalised System of Preferences (GSP) with effect from June 5. It came as no surprise, as the Trump administration had served a notice of its intention to do so in April itself.  Even so, any hopes that some kind of compromise may be worked out evaporated when the withdrawal
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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