Davos: Fareed Zakaria said that India needs an open economy, adopting China-US policy is dangerous
Fareed Zakaria said, “During an event in Davos, the U.S. president explained to the world how he wanted to manage trade, restricted immigration, and controlled technology. China retains free technology and allows free trade within a certain range. So, instead of open-mindedness, we moved forward in an unmanned fashion.
The current economic situation does not allow India to follow the Conservationist path. Unless India succeeds on the protectionist lines, India won’t be good at that. In other words, Farid Zakaria, a world-renowned journalist, and economist. In an exclusive conversation with news director Rahul Kanwal of the India Today Group in Davos 2020, Farid Zakaria said the World Economic Forum (WEF) was always known for open trade policies but now times have changed.
Fareed Zakaria said, “During an event in Davos, the U.S. President demonstrated to the world how he wanted to manage trade, restricted immigration, and regulated technology. China maintains free technology and allows free trade within a certain range. And we went forward in an autonomous way rather than open-mindedly.
