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In possible global trade war; India does not have much flexing power despite high imports: ASSOCHAM

In possible global trade war; India does not have much flexing power despite high imports: ASSOCHAM

Mar 19, 2018, at 02:53 am

New Delhi, Mar 18 (IBNS): India may be running an annual trade deficit of about USD 150 billion , but a much higher level of imports than exports would not provide the country handle to retaliate , should the world witnesses an escalation in trade war, since most of the Indian imports are unavoidable, said ASSOCHAM.