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Trump win may ensure India's trade security: CEA Nageswaran at BFSI Summit

Business Standard LogoBusiness Standard2w ago

Trump win may ensure India's trade security: CEA Nageswaran at BFSI Summit - Business Standard

Quick Summary:

He advised India to avoid being overly concerned with global trade conflicts, especially as developed nations have become less committed to free trade ideals.

Addressing trade, Nageswaran critiqued the “religious belief” in free trade, asserting that historically, today’s developed nations followed restrictive trade policies and only advocated for open markets once they had industrialised.

Nageswaran argued that while renewable energy is valuable, it presents challenges such as high capital costs, land requirements, and external dependencies, which could displace labour and create macroeconomic shifts.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 15:14:28 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23469150

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 347 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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