Why India Could Be the Winner of a U.S.-China Trade War
- Senior party members say India’s huge market provides leverage
- "India is dealing with China from a position of strength"
A container depot in New Delhi, India, on Nov. 25, 2016.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
The prospect of a trade war between China and the U.S. elicits frequent warnings of the risk to the global economy. India sees it somewhat differently.
Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against Chinese manufacturers and U.S. firms that produce goods offshore, according to Seshadri Chari, a national executive member of the Bharatiya Janata Party.