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tariff pain, and maybe short term gain
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a quick read on the trump tariffs imposed today. they will hurt, yes, but
India didn’t do as badly as feared, and there are medium to long term
benefits...
1 day ago
2 comments:
Well, I side with those who say Gujarat govt crossed the line in providing subsidies to Nano unit. For the tax payer to sponsor the state's mind blowing largesse and get congestion and pollution in return is a tragedy.
I don't think that's a fair cost-benefit analysis of this alleged subsidy. At the least, we haven't the argument from other side, i.e., the Gujarat govt. On the face of it, the benefits one can see are long-term job growth that this plant will invariably bring in for the region, and the successful turning of tide that Modi's move caused. The success of Mamata's destructive politics had started reverberating around the country, and were nipped in the bud because of the sheer prestige associated with it. That's no mean achievement. The price of which remains to be assessed.
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