India's Export Strategy: How Global Firms Become Allies for Economic Growth
Business
M
Moneycontrol•27-01-2026, 17:55
India's Export Strategy: How Global Firms Become Allies for Economic Growth
- •Trump's tariffs initially caused a 12% decline in India's merchandise exports, but electronic goods, especially smartphones, saw a 39% rise.
- •Apple's lobbying efforts secured tariff exemptions for smartphones, demonstrating how global firms protect their interests and, by extension, India's.
- •Export-oriented MNCs act as allies in international trade, advocating for open trade environments and influencing domestic policy towards competitiveness.
- •India has attracted significant investments from companies like Apple, Foxconn, Airbus, VinFast, and IKEA, showcasing its potential as a global manufacturing hub.
- •To accelerate growth, India should expand 100% FDI, reduce trade frictions, ease compliance burdens, and publish clear policy liberalization roadmaps.
Why It Matters: Attracting global export-oriented firms creates powerful allies, drives economic growth, and improves domestic policy.
✦
More like this
Loading more articles...
