Before people get out their pitchforks. These laws in India are a direct result of 200 years of British 'free' trade. Imagine the amount of damage something like NAFTA has done to the american working class - multiply that with 200 years. While america was in its infancy - before it industrialized - it too used protectionism as a way to allow its local industries to grow, how is it bad if India is trying to do the sa…
I was under the impression that anti-protectionism was one of the least controversial positions among economics. Obviously it can help the specific local industries that are being protected from competition, but it seems almost obvious to me that it's going to be a net negative for the people of India. (I am not an economist.)