India is the world’s fifth-largest economy, and one of the fastest-growing in the world. The size of the Indian market, and its increasingly critical role in global supply chains, mean India and its trading partners have much to gain.
Simon Cooper, CEO for corporate, commercial and institutional banking at Standard Chartered SUPPLIED
As one of the world’s largest economies by gross domestic product (GDP) and with a sizeable youth demographic and a growing middle class, India is an attractive market for exporters. Its next challenge is to take its place as one of the globe’s most important trading nations.
However, there are some significant barriers to trade. Although import tariffs on goods were lowered substantially in the 1990s and 2000s, they have been raised again since 2017, and are now comparatively high.
The Delhi government also has relatively…
