The Union Budget 2020 may not be remembered as an epochal budget like Budget 1991, but it will certainly be remembered for effecting a tectonic shift in the nation’s policy towards international trade. The Government aims to augment domestic value addition and safeguard the domestic industry by disincentivizing import of goods, imposing minimum quality standards to prevent influx of low-quality goods and prevent fraudulent availment of FTA benefits.

Through this article, our Managing Partner, Puneet Bansal and Associate, Ms. Sneha Ghosh attempt to critically analyze India’s protectionist stand and test the same on the anvil of fundamentals of economics.

Please click below to read our article titled “The Great Indian Trade Wall: A Case of Measured Protectionism – Analysis of International Trade Measure in Budget 2020“ on the issue.

The Great Indian Trade Wall: A Case of Measured Protectionism – Analysis of International Trade Measure in Budget 2020