Tariffs, conflicts demand policy rethink: C. Rangarajan
Former RBI Governor C. Rangarajan argued that India must rethink its economic policies in response to rising global conflicts and protectionist tariffs. He suggested prioritizing domestic production in critical sectors like defense and semiconductors to navigate a changing global landscape.
Why it matters
It provides expert perspective on the shift from pure liberalization toward strategic self-reliance in the face of geopolitical instability.
Countries are invading other countries, and at the same time, imposition of tariffs has become a real problem, said C. Rangarajan, former Chairman of the Economic Advisory Council to the Prime Minister, former Governor of the Reserve Bank of India, and Chairman of the Madras School of Economics.
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