The recent cacophony of noises and rantings by PM Modi's detractors and the opposition party politicians have spun a narrative of a major 'Silver Imports Scam' brewing in the bowels of India's offshore business hub GIFT City. But far from the convoluted and concocted narrative, the real story here is India's biggest trade policy victory against China. In fact, the contours of the game that India has played on Silver Imports has been successful in defeating China in its own game. If the policy is implemented across more imported products, it can very well shape the Modi government's future strategy and upset China's repressive global trade plan
Read More
