The relevance of a century-old Indian report on protectionism
The relevance of a century-old Indian report on protectionism A file photo of JNPT Port. Photo: Ashesh Shah/Mint Premium Share Via Read Full Story There is protectionism in the air. This year marks the centenary of a committee that recommended the first tariff hikes to protect Indian industry, but at a time when India was an impoverished colony rather than an independent nation with the fifth largest economy in the world. It is a good cue for this column to embark on one of its periodic excursions into economic history. The Indian Fiscal Commission began its work in November 1921, and submitt...
Source: livemint.com