Why protectionism is bad for India

Make America Great Again, Make in India; both catchy slogans but both will end up harming the country more than helping it. Is Modi's new policy of raising import duties, which are already the highest in Asia, a return to Protectionism, a failed Congress era policy? Those who do not remember the mistakes of the past, are doomed to repeat it. This is a highly insightful video for those wanting to understand how countries work.

Bisbo's other Economy-related stories:
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What crashed the market and are PE multiples an accurate indicator? https://youtu.be/ThGQXnzMD9M
Oil prices in 2018: Will the rally last? https://youtu.be/Gs7F5dhjOUY
NaMo and DeMo: One year after demonetization: Was it good or bad for India? https://youtu.be/Zme2uhBJdQA
What is GST: Dummies guide to India's new Good & Services Tax: https://youtu.be/r0ysBGnzKt0
The Budget game: What to expect from Modi's Union budget of 2017: https://youtu.be/x-FqCv5zDXo

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Видео Why protectionism is bad for India канала Bisbo