Why Trump Tariffs Won’t Trigger ‘Reforms’
Update: 2025-08-13
Description
US President Donald Trump’s steep new tariffs on Indian exports have sparked hopes among business leaders for bold economic reforms—much like the 1991 crisis did. But as Debashis Basu explains, this belief is misplaced. From chronic governance failures to the government’s own priorities of revenue collection over competitiveness, the odds of a transformative policy shake-up are slim. This audio dissects why the current tariff shock won’t be India’s ‘Agneepath moment’—and why structural inefficiencies are here to stay.
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