Raghuram Rajan warns India to tread 'cleverly & carefully' in US trade talks

Raghuram Rajan advises India to be cautious in trade negotiations with the US, particularly in agriculture, due to the risk of subsidized foreign produce harming local farmers. He suggests exploring FDI to enhance value addition in sectors like dairy instead of import concessions. While acknowledging protectionist measures, Rajan sees opportunities for India in the changing global trade landscape.