International Trade

Support for Trade Barriers High in India

The White House has issued a revised fact sheet for the US-India trade deal originally announced on February 6, which contains key changes to the original framework. The original fact sheet, published on February 9, mentioned that India would remove its digital services taxes, but this claim has now been removed. India currently finds itself at a critical juncture in global trade policy, balancing domestic protectionist sentiments with the imperatives of international commerce.

According to a recent Ipsos Global Trends survey, 63 percent of Indians believe there should be more trade barriers to limit imports of foreign goods and services, well above the global average of 48 percent. As our infographic shows, support for more trade barriers was only higher in Indonesia, where more than nine out of ten respondents (92 percent) said they were in favor of such measures. Among the countries who also scored above the average were France (58 percent) and South Korea (52 percent), while China scored just below (47 percent).

India's position reflects a broader trend observed in emerging economies across Africa and Asia, where many view trade barriers as protection against the dumping of foreign products in their precarious and often struggling local economies. As negotiations continue towards a comprehensive trade agreement, India will likely maintain this careful balancing act, selectively opening markets while preserving strategic protections that resonate with its population's preferences.

Description

This infographic shows the share of respondents in selected countries who believe there should be more trade barriers to limit imports of foreign goods and services into their country (in percent).

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Indians who agree that free trade is beneficial to their country's economy as of 2018 and 2019
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Opinion on protectionism of their own country among citizens in India as of July 2018
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Opinion on choosing foreign trade relations based on good human rights records as of May 2019
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Share of people worldwide who think their country should expand trade, as of April 2021
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Share of French people considering that France should maintain/increase its trade barriers to protect French companies from importing products from foreign competitors in 2020, by political preference
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Share of India in world imports from 2014 to 2021

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