, Columnist
India’s Coddled Billionaires Feel the Pain of US Tariffs
Trump is poking holes in Modi’s economic model.
This article is for subscribers only.
There’s still two weeks to go before US President Donald Trump’s April 2 deadline for imposing reciprocal taxes on imports. But New Delhi already seems to have gone into damage-control mode, anticipating the worst.
Over 24 hours last week, two of India’s largest wireless carriers, whose billionaire owners were staunchly opposed until now to Elon Musk getting a free pass to enter their market, independently announced partnerships with his Starlink Inc. A top government minister even posted (and then deleted) a welcome message on X, even though the satellite broadband service is yet to obtain local regulatory approvals.