00:00Top Experts on How India Should Weather the Trade Tsunami Unleashed by US President Donald Trump
00:11Montek Singh Andhualia
00:12Lower Tariffs
00:14It will reduce domestic production costs and improve competitiveness
00:17Allow Exchange Rate Depreciation
00:19This will offset domestic producers' disadvantages vis-a-vis US imports
00:23Sign FTAs with UK, EU and other big economies
00:26It will ensure access to large markets
00:29Join Regional Trading Blocks
00:31The fears of giving China dutifully access is a deterrent for India to join the RCEP
00:35It could apply to the CPTPP, which has 12 countries but not China
00:38Amitabh Kand
00:40Deregulate and deregulate
00:42Make India the easiest place to do business in
00:44Scrap all useless rules, regulations and procedures
00:47Modernize the regulators
00:49They must act as developmental bodies coming out of their command and control mode of functioning
00:53Implement labor laws
00:54This must be done without any delays
00:56Reduce duties
00:57Duties on inputs and components that go into manufacturing and exports should come down to zero
01:01Shivshankar Menand
01:03Improve neighborly ties
01:05Aim for integration of the subcontinent, the Indian Ocean region and alliances like the Quad
01:09Adjust policy towards China
01:11Trump's actions have opened up geopolitical space for China
01:14Undertake defense reforms
01:15These have been long overdue and have become imperative
01:18R.C. Bhargava
01:19Stop hiding behind custom duties
01:20Industry must endure some pain to become globally competitive
01:23The role of states to increase
01:25They should provide infrastructural support to industry
01:27Place the company above your needs
01:29This mantra should guide top managements in both investments and policy
01:32For more on how India can weather the trade tsunami unleashed by the US
01:37Check out our cover story in the latest issue of India Today magazine
01:40The
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