“Tariffs are just one component of price. Reliability of supply chains, transportation efficiency, and delivery timelines- all of these matter: Abhijit Banerjee
Nobel laureate economist Abhijit Banerjee has described the recently concluded India–European Union FTA as a strategic move that signals to Washington that New Delhi and Brussels are not as dependent on the United States as it may assume, even as he cautioned that the deal alone will not guarantee economic gains.