Kaleen Bhaiya
Herald
Isn't that the govt already doing? From a 5+ player telecom sector, being reduced to just two. By reducing the options for the buyers, they stifle competition and reduce the market to minimal players.Putting restrictions on import exports doesn’t help local manufacturing. It simply creates monopolies/duopolies and innovation stagnates because local companies won’t have competition.
Take an example of tata/ashok leyland until people started experiencing volvo buses. India should should make free trade agreements not impose tariffs.
Today it started with devices most used for communication, tomorrow it will be something else.
Quite an irony for the govt that keeps bashing Nehru for all his deeds, yet adopting his same method to protect domestic industries.
When govt realised that Make in India was a disaster, they felt that coercion through bans is the best approach to boost domestic production rather than tie ups with potential partners.
The 2024 shenanigans has already began!!