Indian Prime Minister Narendra Modi’s efforts to establish the country as a global manufacturing hub have drawn criticism from major world economies. Several countries have challenged India’s subsidy policies under international trade laws, labeling them as unfair. The Indian government has introduced various incentives and subsidies to boost domestic industry, reduce reliance on imports, and increase local production. While this strategy aims to enhance India’s competitiveness in the global market, many international trade partners view it as unfair competition and a violation of trade agreements. Critics argue that such subsidies could trigger trade disputes and lead to retaliatory measures from affected countries. This situation poses a challenge for India to balance its domestic economic growth ambitions with its global trade obligations. India’s manufacturing push has attracted worldwide attention, prompting countries to closely assess its potential impact on the global trade system. In this context, India must align its policies with international regulations and maintain stable trade relations to avoid major conflicts.
Source: binance
