Bhalla breaks down what Trump’s tariff decision reveals about India’s trade vulnerabilities. From agricultural inefficiencies to a protectionist mindset driven by what he calls the “deep state,” Bhalla argues that India has failed to open up to competition, and as a result, has lost credibility as a negotiating partner. He discusses why India’s economic policies remain unchanged despite different political regimes, how resistance to global integration hurts Indian producers and consumers, and what India must do to be seen as a serious economic force.